Replies to post #7 on Medquist (fka MEDQ)

[jimmybob]

89 million in revenue, but overall loss ~ looks like someone wants to buy them for $11 a share..

Three months ended March 31,
2008 2007
% of Net % of Net
($ in thousands) Amount Revenues Amount Revenues $ Change % Change
Net revenues $ 83,725 100.0 % $ 89,066 100.0 % $ (5,341 ) (6.0 %)

Operating costs and expenses:
Cost of revenues 61,258 73.2 % 68,345 76.7 % (7,087 ) (10.4 %)
Selling, general and administrative 13,095 15.6 % 14,693 16.5 % (1,598 ) (10.9 %)
Research and development 4,119 4.9 % 3,442 3.9 % 677 19.7 %
Depreciation 2,928 3.5 % 2,539 2.9 % 389 15.3 %
Amortization of intangible assets 1,361 1.6 % 1,346 1.5 % 15 1.1 %
Cost of investigation and legal proceedings, net 6,398 7.6 % 1,741 2.0 % 4,657 267.5 %
Restructuring charges — — 256 0.3 % (256 ) (100.0 %)


Total operating costs and expenses 89,159 106.5 % 92,362 103.7 % (3,203 ) (3.5 %)


Operating loss (5,434 ) (6.5 %) (3,296 ) (3.7 %) (2,138 ) 64.9 %

Equity in income of affiliated company 16 0.0 % 260 0.3 % (244 ) (93.8 %)
Other income 438 0.5 % — — 438 n.a.
Interest income, net 1,288 1.5 % 2,102 2.4 % (814 ) (38.7 %)


Loss before income taxes (3,692 ) (4.4 %) (934 ) (1.0 %) (2,758 ) 295.3 %

Income tax provision 725 0.9 % 952 1.1 % (227 ) (23.8 %)


Net loss $ (4,417 ) (5.3 %) $ (1,886 ) (2.1 %) $ (2,531 ) 134.2 %