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China Sky One Medical Announces Second Quarter 2011 Results

mail: crocker.coulson@ccgir.comWebsite: www.ccgirasia.comMs. Mabel Zhang, Vice PresidentTel: +1-310-954-1353Email: Financial Tables Follow --China Sky One Medical, Inc. and SubsidiariesReconciliation of Non-GAAP Net Income and Diluted EPS(Unaudited, $ in thousands except share and per share data)For the Three Months Ended June 30,For the Six Months Ended June30,2011201020112010Net

Diluted EPSNet

Diluted EPSNet

Diluted EPSNet

Diluted EPSNet Income$6,102




$1.47Loss (gain) related to change in fair value of derivative warrant liabilities($214)


($0. 13)($1,591)






$1.05Diluted Weighted Average Shares Outstanding16,940,53916,812,81016,940,53916,894,775China Sky One Medical, Inc. and SubsidiariesCondensed Consolidated Statements of Operations and Comprehensive Income(Unaudited, $ in thousands except share and per share data)Three Months Ended June 30,Six Months Ended June 30,2011201020112010Revenues$




69,663Cost of Goods Sold12,75311,21621,81718,491Gross Profit24,91829,54444,21951,172Operating ExpensesDepreciation and amortization1,3968272,7301,668Research and development5,9235,91010,0359,674Selling8,5307,98314,83013,894General and administrative8001,1231,7202,113Total operating expenses16,64915,84329,31527,349Income from Operations8,26913,70114,90423,823Other IncomeInterest income55308759Change in fair value of derivative warrant liability2142,0871,5917,013Total other income2692,1171,6787,07

SOURCE China Sky One Medical, Inc.
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