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

Financial Overview Full Year 2009

Revenue, net - For the year ended December 31, 2009, adjusted basis revenue, net totaled $90.0 million compared to $112.5 million for the same period in 2008.  On a GAAP basis revenue, net was $84.9 million in 2009 compared to $112.5 million in 2008.  Revenue, net for 2009 on a GAAP basis was $5.1 million lower than on an adjusted basis as a result of credits issued in connection with the mutual termination of the product commercialization arrangement.

  • GAAP and adjusted basis revenue, net in the Sales Services segment for 2009 was $73.2 million, compared to $89.7 million for the full year in 2008. While Sales Services has gained revenue as a result of new contracts and the expansion of existing contracts, these gains were more than offset by lost revenue from the internalization of an outsourced sales force by a long-term client and the expiration or termination of other sales force arrangements in effect in 2008.
  • GAAP and adjusted basis revenue, net in the Marketing Services segment for 2009 was $16.8 million, compared to

SOURCE PDI, Inc.
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