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

Operating Loss – The adjusted basis operating loss for the fourth quarter of 2009 was $(1.7) million compared to $(6.8) million for the same period in 2008.  On a GAAP basis the operating loss for the fourth quarter of 2009 was $(25.7) million compared to a $(17.2) million loss for the same period. The operating losses on both a GAAP and adjusted basis result from the net effect of the revenue, gross profit and operating expense items discussed above.

Net Loss and Net Loss Per Share - The adjusted basis net loss for the quarter in 2009 was $(1.4) million, or $(0.10) per share, compared to a net loss of $(6.5) million, or $(0.46) per share, for the same period of 2008. On a GAAP basis the net loss was $(18.4) million, or $(1.30) per share in 2009, compared to a net loss of $(16.9) million, or $(1.19) per share in 2008. The net loss in 2009 on a GAAP basis was reduced by $7.0 from tax benefits realized as a result of the Worker, Homeownership, and Business Assistance Act passed in November 2009.


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SOURCE PDI, Inc.
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