Inverness Medical Innovations Announces Third Quarter 20...((a) Net product sales and service...),Health

Date:10/27/2009

(a) Net product sales and services revenue $1,419,472 $- $1,419,472 License and royalty revenue 20,588 - 20,588 Net revenue 1,440,060 - 1,440,060 Cost of net revenue 683,898 (38,729)(b)(c)(d)(e) 645,169 Gross profit 756,162 38,729 794,891 Gross margin 53% 55% Operating expenses: Research and development 80,811 (7,793)(b)(c)(d) 73,018 Selling, general and administrative 570,154 (182,614)(b)(c)(d)(f) 387,540 Gain on disposition (3,355) 3,355 (h) - Operating income 108,552 225,781 334,333 Interest and other income (expense), net (71,235) (231)(c)(g)(i)(j) (71,466) Income tax provision (benefit) 11,927 79,189 (k) 91,116 Equity earnings of unconsolidated entities, net of tax 5,539 4,597 (b)(c) 10,136 Net income (loss) $30,929 $150,958 $181,887 Preferred stock dividends $(17,056) $(17,056) Net income (loss) available to common stockholders $13,873 $164,831 Net income (loss) per common share Basic $0.17 $2.07 Diluted $0.17 $1.92(m) Weighted average common shares - basic 79,682 79,682 Weighted average common shares - diluted 81,110 95,864(m) Nine Months Ended September 30, 2008
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SOURCE Inverness Medical Innovations, Inc. Copyright©2009 PR Newswire. All rights reserved

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