Scientific Learning Reports Q4 EPS of $0.21

Scientific Learning Corporation

today announced financial results for the fourth quarter and year ended December 31, 2010. Total revenue in the fourth quarter of 2010 was $9.8 million, compared to $15.8 million in the fourth quarter of 2009, a decrease of 38%. Total booked sales for the fourth quarter were $10.4 million, compared to $14.6 million in the fourth quarter 2009. Earnings before interest, taxes, depreciation, amortization, and stock compensation (EBITDAS) was a loss of $1.4 million in the fourth quarter of 2010, compared to EBITDAS of $2.6 million in the fourth quarter of 2009. Net loss in the fourth quarter of 2010, which includes a one–time impairment charge of $3.9 million or $0.21 per share, was $6.2 million or $0.34 per share, compared to net income of $1.5 million, or $0.08 per share in the fourth quarter of 2009.