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SXC Health Solutions announces second quarter financial results
Date:8/7/2008

ed meanings prescribed by GAAP. The Company's method of calculating these items may differ from the methods used by other companies and, accordingly, it may not be comparable to similarly titled measures used by other companies. Reconciliation of adjusted EBITDA to net income is shown below (in thousands):

For the three months For the six months

ended June 30, ended June 30,

2008 2007 2008 2007

----------- ----------- ----------- -----------

(unaudited) (in thou-

sands)

Adjusted EBITDA $ 9,576 $ 4,900 $ 15,909 $ 11,184

Amortization of Deal-

Related Intangibles (2,036) (2,036)

Depreciation &

Amortization (2,277) (1,357) (3,838) (2,692)

Stock-Based Compensation (1,325) (747) (2,104) (1,150)

Net Loss on Disposal of

Assets - - - (133)

Other Income (Expense) (29) 196 (35) 198

Interest Income

(Expense), Net (116) 1,131 903 2,157

Income Tax Expense (526) (1,168) (2,175) (2,875)

----------- ----------- ----------- -----------

Net Income $ 3,267 $ 2,955 $ 6,624 $ 6,689

----------- ----------- ----------- -----------

----------- ----------- ----------- -----------

For the three months

Non-GAAP Adjusted Earning Per Share ended June 30, 2008


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SOURCE SXC Health Solutions Inc.
Copyright©2008 PR Newswire.
All rights reserved

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