First Quarter Results:
— Consulting fee revenue was $7.8 million for the first quarter of 2009, down 4%, compared to $8.1 million in the year-ago quarter
— Reimbursed materials revenue was $1.2 million for the first quarter of 2009 as compared to $9.4 million in revenue in the year-ago quarter
— Loss from operations was $0.8 million for the first quarter of 2009, compared to $0.1 million income in the year-ago quarter
— EBITDA was $0.3 million for the first quarter of 2009, as compared to $0.6 million for in the year-ago quarter
— The first quarter 2009 results comprised non-recurring expenses of $0.9 million, non-cash expenses of $3.2 million, and a one-time gain of $2.1 million. Excluding these items, 2009 first quarter net income would have been $1.0 million
— Net cash flows used in operating activities for the first quarter of 2009 was $0.4 million. Net cash flows used in financing activities for the first quarter of 2009 was $3.2 million, all of which was related to debt payments.
