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SXC Health solutions announces record third quarter financial results
Date:11/5/2009

,615 10,561 41,634 31,267 ------------- ------------- ------------- ------------- Total cost of revenue 335,849 283,215 861,242 491,967 ------------- ------------- ------------- ------------- Gross profit 47,680 34,886 134,076 78,206 Expenses: Product development costs 2,833 2,486 9,024 7,425 Selling, general and adminis- trative 22,153 21,863 64,857 47,291 Depreciation of property and equipment 1,467 1,222 4,354 3,416 Amortization of intangible assets 2,238 3,449 7,478 6,277 ------------- ------------- ------------- ------------- 28,691 29,020 85,713 64,409 ------------- ------------- ------------- ------------- Operating income 18,989 5,866 48,363 13,797 Interest income (101) (508) (572) (2,209) Interest expense 1,088 1,609 3,248 2,407 ------------- ------------- ------------- ------------- Net interest expense 987 1,101 2,676 198 Other income, net (20) (50) (62) (15) ------------- ------------- ------------- ------------- Income before income taxes 18,022 4,815 45,749 13,614 Income tax expense (benefit): Current 9,215 3,356 15,818 5,335 Deferred (2,402) (2,080) (937) (1,884) ------------- ------------- ------------- -------------
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SOURCE SXC Health Solutions Corp.
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