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China Sky One Medical Announces First Quarter 2010 Results
Date:5/18/2010

(Unaudited, $ in thousands except share and per share data) Three Months Ended March 31, 2010 2009 Revenues $28,903 $24,834 Cost of Goods Sold 7,275 6,041 Gross Profit 21,628 18,793 Operating Expenses Depreciation and amortization 841 451 Research and development 3,764 2,413 Selling 5,911 5,967 General and administrative 990 911 Total operating expenses 11,506 9,742 Income from Operations 10,122 9,051 Other Income (Expense) Interest income 29 12 Change in fair value of derivative warrant liability 4,927 -- Total other income (expense) 4,956 12 Net Income Before Provision for Income Tax 15,078 9,063 Provision for Income Taxes 2,489 1,820 Net Income $12,589 $7,243 Basic Earnings Per Share $0.75 $0.44 Basic Weighted Average Shares 16,776,864 16,413,920 Outstanding Diluted Earnings Per Share $0.74 $0.43 Diluted Weighted Average Shares Outstanding 16,955,535 16,665,221 Comprehensive Income Net Income $12,589 $7,243 Foreign currency translation adjustm
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SOURCE China Sky One Medical, Inc.
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