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EXACTECH'S 2007 NET INCOME INCREASED 9% TO $8.5 MILLION.(Financial report)

Publication: Biotech Financial Reports
Publication Date: 01-APR-08
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Exactech, Inc. (Nasdaq:EXAC), Gainesville, Fla, has announced that revenue for fiscal year 2007 increased 21% to $124.2 million from $102.4 million in 2006. Net income for the year increased 9% to $8.5 million or $0.72 diluted earnings per share for the year, compared with net income of $7.8...

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...million or $0.67 diluted earnings per share during 2006. Excluding an impairment charge after taxes of $977,000, related to diamond technology previously announced, net income for 2007 was $9.5 million, an increase of 22%, and diluted earnings per share was $0.80 for 2007 compared to $0.67 in 2006.

Exactech Chairman and CEO Bill Petty said, As we announced last month, we were pleased with our results for the fourth quarter and year ended December 31, 2007. The continuing expansion of our worldwide market presence has resulted in six consecutive quarters of increasing sequential revenue growth. The strong growth in U.S. sales during the...

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