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

s' equity $ 422,291 $ 159,479

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SXC HEALTH SOLUTIONS CORP.

Consolidated Statements of Operations

(in thousands of U.S. dollars except share data)

Three months ended Six months ended

June 30, June 30,

2008 2007 2008 2007

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

(unaudited) (unaudited)

Revenue:

PBM revenue $ 204,860 $ - $ 204,860 $ -

HCIT revenue:

Transaction

processing 11,888 13,094 26,536 26,926

Maintenance 4,130 4,113 8,340 8,188

Professional services 3,066 3,302 6,857 6,607

System sales 3,811 2,579 5,479 5,688

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

Total revenue 227,755 23,088 252,072 47,409

Cost of revenue 197,915 9,648 208,752 19,322

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

Gross profit 29,840 13,440 43,320 28,087

Expenses:

Product development

costs 2,480 2,642 4,939 5,580

Selling, general and

administration 19,557 7,016 25,428 13,205

Depreciation of

property and equipment 1,433 590 2,194 1,168

Amortization of

intangible assets 2,432 396 2,828 792

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

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