drugstore.com inc. Achieves GAAP Profitability in the Fourth Quart... (

drugstore.com inc. Achieves GAAP Profitability in the Fourth Quarter of 2007

Date:2/6/2008

- Highest Revenues, Gross Margins and Net Income in Company History

BELLEVUE, Wash., Feb. 6 /PRNewswire-FirstCall/ -- drugstore.com, inc. (Nasdaq: DSCM), a leading online provider of health, beauty, vision, and pharmacy products, today announced its financial results for the fourth quarter and fiscal year ended December 30, 2007. The company reported quarterly net sales of $118.2 million and net income of $156,000, or $0.00 per share. The company achieved record gross margins in the fourth quarter of 24.6%, up 300 basis points year-over-year, and reported adjusted EBITDA of approximately $4.0 million. Adjusted EBITDA is a non-GAAP financial measure defined as earnings before interest, taxes, depreciation, and amortization of intangible assets and non-cash marketing expense, adjusted to exclude the impact of stock-based compensation expense.

(Logo: http://www.newscom.com/cgi-bin/prnh/20070813/AQM043LOGO)

For the year, the company reported net sales of $445.7 million, a net loss of $9.0 million or $0.09 per share, and adjusted EBITDA of $9.1 million, reflecting an adjusted EBITDA improvement of approximately $6.8 million over fiscal year 2006. Additionally, the company reported operating cash flow of $7.8 million for 2007 compared to operating cash used of $1.1 million in the previous year.

"I am very pleased to announce that we reached GAAP profitability in the fourth quarter for the first time in company history," said Dawn Lepore, chief executive officer and chairman of the board of drugstore.com, inc. "During the quarter, we delivered record results across many of our key metrics including prestige beauty sales increasing 57%
'/>"/>

0

GOOD

Page: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17
Related medicine news :

1. drugstore.com inc. Reports Record Gross Margins and Bottom Line Results for the Third Quarter of 2007
2. drugstore.com, inc. to Announce Third Quarter 2007 Results During Conference Call on Monday, October 22, 2007 at 5:00 p.m. ET
3. drugstore.com and Revolution Health Group Announce Breakthrough Deal
4. TyraTech Achieves Insecticide Development and Financial Milestones With Partner Arysta LifeScience
5. Joint Commission International Achieves Accreditation from ISQua
6. Cethromycin achieves all endpoints in second pivotal Phase III Trial for treatment for pneumonia
7. Halogen Software Achieves Most Successful Quarter in Company History - Includes Record Year-Over-Year Overall and License Revenue
8. Pharsight Achieves $7.3 Million in Quarterly Revenue
9. ENDEAVOR IV achieves primary endpoint, demonstrates similar safety profile compared to Taxus stent
10. LMS integrated obstetrics solution achieves general availability
11. OSF HealthCare Achieves Impressive Tobacco Quit Rates with the Free & Clear(R) Quit For Life(TM) Program

Post Your Comments:

drugstore.com inc. Achieves GAAP Profitability in the Fourth Quart...( - Highest Revenues Gross Margins ...),Health