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CardioNet, Inc. Reports Fourth Quarter And Full Year 2010 Financial Results

In accordance with Regulation G of the Securities and Exchange Commission, the table set forth below reconciles certain financial measures used in this press release that were not calculated in accordance with generally accepted accounting principles, or GAAP, with the most directly comparable financial measure calculated in accordance with GAAP.

Three Months Ended



December 31, 2010

December 31, 2009
Operating loss – GAAP $ (4,591) $ (15,507)
Nonrecurring charges (a)   1,599   10,136

Adjusted operating loss
$ (2,992) $ (5,371)
Net loss – GAAP $ (4,817)


Nonrecurring charges (net of income taxes of $0 and $0, respectively) (a)   1,599   10,136
Adjusted net loss $ (3,218) $ (5,761)

Loss per diluted share – GAAP $ (0.20) $ (0.67)
Nonrecurring charges per share (a)   0.07   0.43
Adjusted loss per diluted share $ (0.13) $ (0.24)
(a)   In the fourth quarter of 2010, we incurred $0.7 million of severance and other exit cost related to the restructuring of our sales and service organizations, as well as $0.9 million of other nonrecurring charges. In the fourth quarter of 2009, we incurred $9.9 million for the forfeiture and acceleration of certain stock options and $0.2 million of other nonrecurring charges.

Reconciliation of Non-GAAP Financial Measures(In Thousands, Except Per Share Amounts)

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