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DATATRAK International Reports First Quarter Results for 2008
Date:5/8/2008

14,436,707 16,569,366

Total liabilities and shareholders'

equity $23,563,641 $26,473,211

DATATRAK International, Inc. and Subsidiaries

Condensed Consolidated Statements of Operations

(Unaudited)

For the Three Months

Ended March 31,

2008 2007

Revenue $2,088,229 $3,542,095

Direct costs 933,879 1,337,471

Gross profit 1,154,350 2,204,624

Selling, general and administrative

expenses 2,856,600 3,422,671

Depreciation and amortization 522,426 622,403

Loss from operations (2,224,676) (1,840,450)

Interest income 59,740 70,192

Interest expense 66,567 98,669

Loss on disposal 1,382 -

Loss before income taxes (2,232,885) (1,868,927)

Income tax expense - 26,300

Net loss $(2,232,885) $(1,895,227)

Net loss per share:

Basic:

Net loss per share $(0.16) $(0.16)

Weighted-average shares

outstanding 13,681,901 11,858,949

Diluted:

Net loss per share $(0.16) $(0.16)

Weighted-average shares

outstanding
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SOURCE DATATRAK International, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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