Carrington Laboratories, Inc.

Carrington Reports 2007 Financial Results

Published in Lab Business Week, April 20th, 2008

Carrington Laboratories, Inc. (BULLETIN BOARD: CARN) reported revenue of $21.8 million and a net loss of $9.8 million, or ($0.90) per basic and diluted share, for the year ended December 31, 2007.

Excluding net funding of $2.8 million for DelSite Biotechnologies, Inc., the Company's wholly-owned drug delivery subsidiary, the pro forma loss for 2007 was $7.0 million. 2006's net loss, including DelSite net costs of $3.1 million, was $7.6 million, or ($0.70) per basic and diluted share, on Company- wide revenue of $27.4 million.

The decrease in revenue for 2007 was primarily due to a decrease in consumer services revenue, to $11.6 million from $16.6...

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Source: Lab Business Week (2008-04-20)

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