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DATATRAK International, Inc. Announces Second Quarter Results for 2010

Thursday, August 12, 2010 Corporate News
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Profitability & Growth Continue - Turns Cash Flow Positive

DATATRAK International, Inc. and Subsidiaries

Condensed Consolidated Statements of Operations

(Unaudited)

For the Six Months Ended June 30,

               2010

               2009

Revenue

$3,558,222

$3,916,694

Direct costs

580,310

930,886

  Gross profit

2,977,912

2,985,808

Selling, general and administrative expenses

3,021,914

3,065,806

Severance expense

(182,299)

505,009

Depreciation and amortization

100,461

238,038

  Income (loss) from operations

37,836

(823,045)

Interest income

317

4,480

Interest expense

(3,414)

(8,159)

Other

(697)



  Net income (loss)

$34,042

$(826,724)

    Net income (loss) per share:

         Basic:

         Net income (loss) per share

$0.00

$(0.06)

         Weighted average shares outstanding

13,706,901

13,719,028

         Diluted:

         Net income (loss) per share

$0.00

$(0.06)

         Weighted average shares outstanding

13,706,901

13,719,028

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