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

Provision for income taxes (13,162) (7,561)

Loss from operations before discontinued

operations (1,039,549) (3,605,956)

Discontinued Operations:

Income (loss) from operations 2,638,608 (1,705,322)

Gain from sale 216,952 -

Net income (loss) $1,816,011 $(5,311,278)

Basic income (loss) per share

Weighted average shares outstanding 17,012,637 16,829,367

Basic (loss) income per share - continuing

operations $(.06) $(.22)

Basic income (loss) per share - discontinued

operations .17 (.10)

Basic income (loss) per share $.11 $(.32)

Diluted income (loss) per share

Weighted average shares outstanding 17,051,856 16,829,367

Diluted (loss) income per share - continuing

operations $(.06) $(.22)

Diluted income (loss) per share - discontinued

operations .17 (.10)

Diluted income (loss) per share $.11 $(.32)

QMED, INC. AND SUBSIDIARIES

Consolidated Statements of Operations

For the Years Ended November 30,

Restated Restated

2007 2006 2005

Revenue $5,246,789 $8,136,305 $21,957,689

Cost of revenue 2,740,880 4,764,436 7,333,249

Gross profit 2,505,909 3,371,869 14,624,440

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SOURCE QMed, Inc.
Copyright©2008 PR Newswire.
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