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PDI Reports 2009 Fourth Quarter and Full Year Financial Results
Date:3/4/2010

the execution of the product commercialization contract that was mutually terminated in the second quarter of 2009.  On a GAAP basis, gross profit was $7.6 million for the 2009 period compared to a loss of $(8.2) million for the 2008 period. On a GAAP basis, the Company's fourth quarter 2008 gross profit was negatively impacted by $14.0 million from the execution of the product commercialization contract and $10.3 million of that related to the loss contract accrual.

  • GAAP and adjusted basis gross profit for the Sales Services segment increased to $5.4 million for the fourth quarter of 2009 from $4.5 million for the same period in 2008. GAAP and adjusted basis gross profit percentage also increased in 2009 in large part due to lower costs and the recognition of higher performance related fees in 2009.  
  • GAAP and adjusted basis gross profit in the Marketing Services segment increased to $2.4 million for the fourth quarter of 2009 from $1.3 million for the same period in 2008.  This increase was primarily attributable to higher revenue from our Pharmakon business unit. GAAP and adjusted basis gross profit percentage also increased in Marketing Services due primarily to lower costs and favorable business and services mix.


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