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eDiets.com(R) Announces Q2 2008 Results
Date:8/6/2008

,

2008 2007 2008 2007

Net loss $(3,128) $(1,442) $(8,253) $(2,699)

Interest income, net (10) (24) (52) (66)

Interest expense on

secured notes 372 760

Amortization of secured

notes 335 - 595 -

Income tax (benefit)

provision 33 83 1 142

Depreciation 391 215 691 447

Amortization of

Intangibles 237 302 529 604

Stock-based compensation 290 418 758 590

Loss on disposition of

fixed assets 1 20 1 20

Bad debt expense 65 5 91 11

Severance Charges 26 53 35 69

Adjusted EBITDA $(1,388) $(370) $(4,844) $(882)

Safe Harbor Statement

Statements which are not historical in nature are forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties which could cause the actual results, performance or achievements to be materially different from those which may be expressed or implied by such statements. These risks and uncertainties include, among others, that we will not be able to obtain sufficient and/or acceptable outside financing (when and if required);, changes in general economic and business conditions; changes in product acceptance by consumers; a decline in the effectiveness of sales and marketing efforts; loss of market share and pressure on prices resulting from competition; significant investments in our technology platform, marketing plans, and product developme
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SOURCE eDiets.com, Inc.
Copyright©2008 PR Newswire.
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