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

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Commenting on today's announcement, Nancy Lurker, Chief Executive Officer of PDI, Inc. stated, "While adjusted basis revenue of $90.0 million for 2009 was down 20% compared to 2008, fourth quarter adjusted basis revenue of $25.7 million was 1% higher than 2008 reflecting, in part, what we believe is the beginning of an overall strengthening of the market. On an adjusted basis, our gross profit, operating loss, net loss and loss per share all improved significantly for the full year and fourth quarter of 2009 compared to 2008."

Ms. Lurker continued, "Although the first nine months of 2009 were especially challenging, we experienced signs of improvement in the overall business environment and in our win rate during the fourth quarter – factors which we are cautiously optimistic about continuing throughout 2010. During 2009, we took a variety of actions to strengthen the Company.  Our focus on providing measurable value to clients, pursuing new business opportunities and continuing cost reductions puts PDI in a solid position to benefit from a market upswing. Indeed, this was evidenced in the fourth quarter by a stabilization in adjusted basis revenues relative to 2008 and the first nine months of 2009, and a significant reduction in our adjusted basis operating loss compared to 2008. In tandem with a more p
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SOURCE PDI, Inc.
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