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Sonic Innovations Announces Results for Third Quarter 2008
Date:10/28/2008

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SONIC INNOVATIONS, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands, except per share data)

(unaudited)

Three months ended Nine months ended

September 30, September 30,

2008 2007 2008 2007

Net sales $31,311 $30,021 $97,598 $87,154

Cost of sales 11,193 11,138 35,581 32,390

Gross profit 20,118 18,883 62,017 54,764

Selling, general and

administrative expense 18,013 16,340 55,013 47,215

Research and development

expense 2,005 2,108 6,387 6,572

Restructuring charges 232 - 1,561 -

Operating income (loss) (132) 435 (944) 977

Other income (expense), net (137) 385 110 715

Income (loss) before

income taxes (269) 820 (834) 1,692

Provision (credit) for

income taxes (910) 95 (321) 641

Income (loss) from

continuing operations 641 725 (513) 1,051

Income (loss) from

discontinued operations,

net of income taxes (344) (244) (3,724) (433)

Net income (loss) $297 $481 $(4,237) $618

Basic income (loss) per

common share:

Continuing operations $0.02 $0.03 $(0.02) $0.04

Discontinued operations (
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SOURCE Sonic Innovations, Inc.
Copyright©2008 PR Newswire.
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