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China Medical Technologies Reports Financial Results for Fourth Fiscal Quarter and Full Year ended March 31, 2010
Date:6/4/2010

Gross margin 75.1% 63.4% 64.9% 64.9% Non-GAAP gross margin 84.2% 76.4% 77.7% 77.7% Operating income 116,251 26,341 32,971 4,830 Adjustment: Stock compensation expense 13,919 10,234 10,692 1,566 Amortization of acquired intangible assets 49,823 49,755 49,766 7,291 Acquired in-process research and development -- -- -- -- Non-GAAP operating income 179,993 86,330 93,429 13,687 Operating margin 46.8% 15.3% 18.8% 18.8% Non-GAAP operating margin 72.4% 50.1% 53.2% 53.2% Income/(loss) from continuing operations 49,387 (21,989) 9,093 1,332 Adjustment: Stock compensation expense 13,919 10,234 10,692 1,566 Amortization of acquired intangible assets 49,823 49,755 49,766 7,291 Acquired in-process research and development -- -- -- -- Non-cash interest expense of convertible notes arising from the adoption of new guidance 7,153 7,618 7,618 1,116 Gain on purchase of convertible notes -- -- (25,693) (3,764) Non-GAAP income from continuing operations 120,282 45,618 51,476 7,541 GAAP net margin 19.9% -- 5.2% 5.2% Non-GAAP net margin 48.4% 26.5% 29.3% 29.3% Earnings/ (loss) from continuing operations per ADS - basic 1.88
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SOURCE China Medical Technologies, Inc.
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