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DATATRAK International, Inc. Announces Fourth Quarter and Full Year Results for 2010
Date:3/22/2011

tement whether as a result of new information, future events or otherwise.DATATRAK International, Inc. and SubsidiariesCondensed Consolidated Balance Sheet Data(Unaudited)December 31, 2010

December 31, 2009Cash and investments

$1,026,369

$947,984Accounts receivable, net

1,062,807

660,094Property & equipment, net

317,145

428,734Deferred tax assets

74,200

109,800Other

206,430

206,071   Total assets

$2,686,951

$2,352,683Accounts payable and other current liabilities

$1,606,317

$1,687,069Deferred revenue

1,929,623

2,052,678Deferred tax liabilities

74,200

109,800Other long-term liabilities

54,932

12,790Shareholders'  (deficit)

(978,121)

(1,509,654)   Total liabilities and shareholders' (deficit)

$2,686,951

$2,352,683DATATRAK International, Inc. and SubsidiariesCondensed Consolidated Statements of Operations(Unaudited) For the Three Months Ended December 31,2010

2009Revenue

$2,014,851

$1,464,441Direct costs

299,679

391,098   Gross profit

1,715,172

1,073,343Selling, general and administrative expenses

1,641,937

1,614,300Severance expense

9,937

46,209Depreciation and amortization

40,605

67,366   Income (loss) from operations

22,693

(654,532)Interest income

223

238Interest expense

(4,485)

(2,980)   Income (loss) before income taxes

18,431

(657,274)Income tax expense

---

---   Net income (loss)

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SOURCE DATATRAK International, Inc.
Copyright©2010 PR Newswire.
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