Strategic Diagnostics Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported revenues were $7.2 million compared to $6.9 million for the same period in 2008. Revenues for the third quarter of 2009 were positively impacted by a 29% increase in revenues from Life Science products compared to the third quarter of 2008. Operating loss for the third quarter fell to $281,000, compared to $1.1 million in the third quarter of 2008. Pre-tax loss for the third quarter of 2009 was $290,000 compared to $1.1 million for the prior year's third quarter. Net loss for the third quarter of 2009 was $291,000 or $0.01 per diluted share, compared to a net loss of $2.2 million or $0.11 per diluted share, for the third quarter last year. For the nine months ended September 30, 2009, the company reported revenues were $21 million compared to $20.6 million for the same period last year. The company reported operating loss of $281,000, pre-tax loss of $290,000 and net loss of $291,000 or $0.08 per diluted share compared to operating loss of $1,134,000, pre-tax loss of $1,099,000 and net loss of $2,218,000 or $0.16 per diluted share for the same period a year ago.

Strategic Diagnostics Inc., Q3 2009 Earnings Call, Oct 29 2009

On August 31, 2009, Strategic Diagnostics Inc. and the DuPont Qualicon entered into an amended and restated distribution agreement, effective as of such date. Under the amended and restated distribution agreement, the parties expanded their existing arrangement to include proprietary RapidChek® SELECT-TM-products, which had previously not been covered by the arrangement, along with RapidChek E. coli O157:H7, Salmonella and Listeria products. DuPont Qualicon markets these products outside the United States as the DuPont-TM-Lateral Flow System. The term of the Agreement commenced as of August 31, 2009 and continues through December 31, 2011 and thereafter for successive one year periods unless or DuPont Qualicon provides the other party notice of its intent not to renew at least 90 days prior to the end of the initial term or any renewal term or unless the Agreement is otherwise terminated in accordance with its terms.