Replies to post #319 on SpaceDev, Inc (SPDV)

[OptionMonster]

Hey Joe...I put this together real quick..Going to add it to the I-Box..

As of March 10, 2008, Registrant had outstanding 42,450,363 shares of common stock

Benson Susan C (10% Owner) 7,617,107

BENSON JAMES W Director (10% Owner) 6,684,707

Loeb Marathon Offshore Fund, Ltd. 4,792,300

Laurus Master Fund, Ltd. 3,734,507

Sirangelo Mark N Chief Executive Officer 2,900,000

SLANSKY RICHARD B President and CFO 2,725,000

Total shares held by top 6 holders: 28,453,621 67%

[OptionMonster]

SpaceDev Reports First Quarter Fiscal 2008 Results
Friday May 9, 7:30 pm ET

Quarterly Record Revenues With Positive Operating Income, Net Income and Adjusted EBITDA

POWAY, CA--(MARKET WIRE)--May 9, 2008 -- SpaceDev, Inc. (OTC BB:SPDV.OB - News) reported its financial results for the three months ended March 31, 2008 with revenue of over $10.3 million, an increase of over 14%, net income of approximately $57,000 and Adjusted EBITDA of over $490,000.

"We reached a new revenue milestone for SpaceDev this quarter with our first $10 million quarter, as we continue to build the Company with major new programs, while closing-out some of our legacy long-term fixed price development programs," said Mark N. Sirangelo, SpaceDev's Chairman and Chief Executive Officer. "We are successfully executing on our existing work, while remaining focused on building the foundation of an emerging mid-market aerospace company for our stockholders."

Revenue - SpaceDev reported revenue of approximately $10.3 million for the three months ended March 31, 2008, an increase of approximately $1.3 million, or 14%, from the approximate $9.1 million in revenue reported for the same period in 2007. Most of the revenue increase was due to the growth of non-government sector programs by approximately $2.0 million offset by a slight decline in government based contracts.

Income from Operations - SpaceDev realized income from operations of approximately $58,000 in the first quarter of 2008, which included approximately $99,500 for stock option expense, compared to an operating income of $221,000 for the same three months in 2007, which included approximately $105,000 for stock option expense.

Net Income; Adjusted EBITDA - Net income for the 2008 first quarter was approximately $57,000, compared to approximately $109,000 for the same period in 2007 with ($0.00) earnings per share for both quarters. During the first quarter of 2008, SpaceDev's Adjusted EBITDA was approximately $493,000, or 5% of net sales, compared to an adjusted EBITDA of $642,000, or 7% of net sales, for the same quarter in 2007.

Cash Position - At March 31, 2008, SpaceDev's cash position, which included cash reserves and cash available for investment, was approximately $4.7 million compared to approximately $6.5 million at December 31, 2007.

"A significant item of note in the quarter was our increased expenditure on small satellite related research and development activities," said Richard B. Slansky, SpaceDev's President and Chief Financial Officer. "During the first quarter of 2008, our R&D expense totaled $259,000 compared to only $39,000 during the same period in 2007. We will continue to invest prudently in internal R&D to strengthen our intellectual property portfolio in our key business areas for the future. Also, our cash position changed primarily due to a government contract modification delay; however, our accounts receivable increased by $3.1 million to $8.1 million at March 31, 2008 from $5.0 million at December 31, 2007."

First Quarter Conference Call Details

SpaceDev will host a conference call on Monday, May 12, 2008 at 11:00 a.m. EDT to discuss the quarter results. All those interested in hearing management's discussion are invited to join the call by dialing [phone] and then entering PIN 8832 when prompted. A replay of the conference call will also be available for seven days through the investor relations section of SpaceDev's website, www.spacedev.com.