China Sky One Medical Reports Q4 EPS of $0.21

China Sky One Medical, Inc. CSKI today announced financial results for the fourth quarter ended December 31, 2010.

Total revenues decreased by $3.0 million, or 10.2% to $26.8 million as compared to the corresponding period of 2009

Excluding the effect of non-cash items related to changes in the fair value of the Company's derivative warrant liabilities and share based compensation expenses, non-GAAP net income was $3.6 million, or $0.21 per diluted share, as compared to $7.9 million, or $0.47 per diluted share a year ago