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QMed, Inc. Reports Year-End and Fourth Quarter Results
Date:3/26/2008

sued 17,020,959 and 16,836,539

outstanding, respectively 17,043 16,859

Paid-in capital 54,558,476 53,433,095

Accumulated deficit (49,607,057) (38,354,696)

Accumulated other comprehensive

income

Unrealized losses on securities

available for sale - (4,762)

4,968,462 15,090,496

Less treasury stock at cost,

22,000 common shares (75,625) (75,625)

Total stockholders' equity 4,892,837 15,014,871

$11,321,560 $20,811,769

QMED, INC. AND SUBSIDIARIES

Consolidated Statements of Operations

For the Three Months Ended November 30,

Restated

2007 2006

Revenue $1,527,094 $1,817,943

Cost of revenue 577,644 691,583

Gross profit 949,450 1,126,360

Selling, general and administrative expenses 1,455,554 4,475,553

Research and development expenses 543,391 377,459

Loss from continuing operations (1,049,495) (3,726,652)

Interest expense (7,489) (4,168)

Interest income 10,021 152,425

Income (loss) from operations of joint venture 20,426 (20,000)

Other income 150 -

Loss before income tax provision and

discontinued operations (1,026,387) (3,598,395)


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SOURCE QMed, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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