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Somanetics Reports Record Net Revenues and Income Before Income Taxes for Fourth Quarter and Fiscal 2008
Date:1/21/2009

    TROY, Mich., Jan. 21 /PRNewswire-FirstCall/ --

    Fourth Quarter Highlights
    -- Record net revenues of $13.7 million, up 21 percent.

    -- Record income before income taxes of $5.1 million, up 14 percent.

    -- Net income of $3.3 million, up 19 percent; $0.25 per diluted share.

    Fiscal 2008 Highlights
    -- Record net revenues of $47.5 million, up 23 percent.

    -- Record income before income taxes of $16.4 million, up 10 percent.

    -- Record net income of $10.4 million, up 8 percent; $0.76 per diluted
       share.

    -- Gross margin 87 percent for fiscal 2008 and the fourth quarter.

    -- Launched its INVOS Cerebral/Somatic Oximeter in the neonatal intensive
       care unit.  Combined pediatric and neonatal sensor revenue was $10.9
       million in 2008, up 52 percent.

    -- Expanded labeling for the INVOS System to allow its use to monitor
       changes in oxygen saturation in "any tissue" beneath the sensor.  In
       the neonatal patient, customers are placing sensors over various vital
       organs, such as the brain, kidneys and bowel.

    -- Acquired ICU Data Systems, Inc. of Gainesville, Fla., a company
       developing a technology to integrate data from bedside devices into a
       single display for comparison, data management and data storage.

Somanetics Corporation (Nasdaq: SMTS) today reported financial results for the fourth fiscal quarter and year ended November 30, 2008.

"We achieved our fifth consecutive year of strong growth in revenue and income before income taxes in 2008, reflecting continued market adoption of our INVOS System," said Bruce Barrett, Somanetics' president and CEO. "The more compelling results in 2008 were strategic achievements that create major new opportunities for our business. Our entry into the neonatal ICU and e
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SOURCE Somanetics Corporation
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