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The Quigley Corporation Reports Fourth Quarter & 2007 Annual Results; Increases Investment to $6.5 million in Pharmaceutical R&D in 2007
Date:3/3/2008

Forward-Looking Statements

Certain 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.

(Tables Follow)

Consolidated Statements of Operations (Unaudited)

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

Three-Months Three-Months Year Year

Ended Ended Ended Ended

December December December December

31, 2007 31, 2006 31, 2007 31, 2006

($) ($) ($) ($)

Net Sales 13,568 14,196 39,475 42,125

Gross profit 8,597 8,997 22,648 22,878

Sales & marketing

expenses 1,341 3,530 5,977 8,326

Administrative expenses 4,050 3,122 13,417 13,124

Research & development 1,694 1,286 6,490 3,820

Income taxes (benefit) - - - 89

Net income (loss) 1,661 1,246 (2,458) (1,748)

Diluted income (loss)

per share:

Net income (loss) $0.12 $0.09 ($0.19) ($0.14)

Diluted weighted


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SOURCE The Quigley Corporation
Copyright©2008 PR Newswire.
All rights reserved

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