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The Quigley Corporation Reports Fourth Quarter and 2008 Annual Results; Continues To Invest In Pharmaceutical R&D Future
Date:2/26/2009

profit 2,863 7,643 11,413 18,556 Sales & marketing expenses 2,508 1,084 5,958 4,995 Administrative expenses 1,743 3,177 7,943 9,627 Research & development 612 1,690 4,242 6,482 Income taxes (benefit) - - - - Income (Loss) from: operations Continuing operations (1,965) 1,818 (6,410) (1,856) Discontinued operations - (157) 876 (602) Net Income (Loss) (1,965) 1,661 (5,534) (2,458) Diluted income (loss) per share: Continuing operations ($0.15) $0.13 ($0.50) ($0.14) Discontinued operations - ($0.01) $0.07 ($0.05) Net income (loss) ($0.15) $0.12 ($0.43) ($0.19) Diluted weighted average common shares outstanding: 12,905,883 13,396,497 12,877,983 12,728,706
    Consolidated Balance Sheets (Unaudited)

    The following represents condensed financial data (in thousands)
     at December 31, 2008 and 2007:

                                           2008      2007
                                            ($)       ($)

    Cash & cash equivalents              11,957    15,134
    Accounts receivable, net              4,524     6,649

    Inventory                             3,001     4,136
    Total current assets                 20,666    28,835
    Total assets                         24,369    33,502
    Total current liabilities             6,595    10,258
    Total stockholders' equity           17,774    23,244



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SOURCE Quigley Corporation
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