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PDI Reports 2014 Second Quarter Financial Results
Date:8/13/2014

PARSIPPANY, N.J., Aug. 13, 2014 /PRNewswire/ -- PDI, Inc. (Nasdaq: PDII), today reported financial and operational results for the second quarter ended June 30, 2014. Summary financial and operational accomplishments include:

  • Revenue of $31.6 million for the second quarter of 2014
  • Adjusted EBITDA (a non-GAAP financial measure) of $(1.5) million for the second quarter of 2014
  • On August 13, 2014, PDI acquired Asuragen, Inc.'s miRInform Thyroid and miRInform Pancreas cancer test assets
  • Subsequent to the second quarter, Heiner Dreismann, Ph.D., a highly experienced molecular diagnostics executive and former President and CEO of Roche Molecular Systems, joined PDI's board of directors
  •  

     Condensed Summary Statements of Continuing Operations (Unaudited)($'s in thousands, expect per share data)2nd Quarter EndedSix Months EndedJune 30,*June 30,*2014201320142013Revenue, net$
    31.6
    $
    37.2
    $
    4.4
    $
    80.2
    Gross profit4.86.89.915.3Operating expenses:Compensation expense3.94.97.49.1Other SG&A3.52.86.54.8Total operating expenses7.37.713.9'/>"/>

    SOURCE PDI, Inc.
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    All rights reserved

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