Sonic Innovations Announces Results for Fourth Quarter and Full... ((50) (211) (131) (199...)

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Sonic Innovations Announces Results for Fourth Quarter and Full Year 2007

Date:2/5/2008

(50) (211) (131) (1,996)

Net income (loss) $ 99 $ 443 $ 717 $ (1,580)

Basic income (loss)

per common share:

Continuing operations $ 0.01 $ 0.03 $ 0.03 $ 0.02

Discontinued operations (0.01) (0.01) - (0.09)

Net income (loss) $ - $ 0.02 $ 0.03 $ (0.07)

Diluted income (loss)

per common share:

Continuing operations $ 0.01 $ 0.03 $ 0.03 $ 0.02

Discontinued operations (0.01) (0.01) - (0.09)

Net income (loss) $ - $ 0.02 $ 0.03 $ (0.07)

Basic weighted average

number of common

shares outstanding 26,762 25,610 26,518 23,408

Diluted weighted average

number of common

shares outstanding 27,801 26,097 27,570 23,932

Sonic Innovations, Inc.

Consolidated Balance Sheet Information

(In thousands)

(Unaudited)

December 31, December 31,

2007 2006

Assets:

Cash and marketable securities $ 20,684 $ 26,452

Accounts receivable 21,996 18,932

Inventories 13,843 10,475

Property and equipment 8,267 8,265

Goodwill and intangibles 52,836 36,812

Assets held for sale - 2,584

Other 6,331 4,801

Total assets $123,957 $108,321

Liabilities:

Accounts
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SOURCE Sonic Innovations, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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Sonic Innovations Announces Results for Fourth Quarter and Full...((50) (211) (131) (199...),Health