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SXC Health solutions announces Strong fourth quarter and year end financial results
Date:3/4/2010

t Costs

Product development costs were $12.0 million in 2009, compared to $10.1 million in 2008. Product development costs were $2.9 million Q4-2009, compared to $2.7 million in Q4-2008. Product development remains a key priority for SXC as the Company seeks to develop enhancements to existing products and launch new offerings to support its market expansion.

Selling, General and Administration ("SG&A") Costs

SG&A costs were $85.8 million in 2009, compared to $68.8 million in 2008. SG&A costs were $20.9 million Q4-2009, compared to $21.5 million in Q4-2008. On a quarter-over-quarter basis, the Company has added a significant amount of new business while keeping SG&A costs relatively flat. The change in the year-over-year comparison period is largely attributable to the increase in operating expenses related to the acquisition of NMHC.

Adjusted EBITDA(1)


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SOURCE SXC Health Solutions Corp.
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