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The Quigley Corporation Reports First Quarter 2008 Results - Increases Investment in Pharmaceutical R&D Future
Date:4/24/2008

ertain statements in this press release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and involve known and unknown risk, uncertainties and other factors that may cause the Company's actual performance or achievements to be materially different from the results, performance or achievements expressed or implied by the forward-looking statement. Factors that impact such forward-looking statements include, among others, changes in worldwide general economic conditions, changes in interest rates, government regulations, and worldwide competition.

Consolidated Statements of Operations (Unaudited)

The following represents condensed financial data (in thousands) except per share data:

Three-Months Three-Months

Ended Ended

March 31, 2008 March 31, 2007

($) ($)

Net Sales 5,305 6,150

Gross profit 3,570 3,938

Sales & marketing expenses 2,232 2,491

Administrative expenses 2,508 2,145

Research & development 1,411 1,151

Income taxes (benefit) - -

Income (Loss) from:

Continuing operations (2,445) (1,641)

Discontinued operations 876 (287)

Net Income (Loss) (1,569) (1,928)

Diluted income (loss) per share:

Continuing operations ($0.19) ($0.13)

Discontinued operations 0.07
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SOURCE The Quigley Corporation
Copyright©2008 PR Newswire.
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