BMP Sunstone Reports Third Quarter 2010 Financial Results: EPS of $0.03

BMP Sunstone Corporation BJGP ("BMP Sunstone" or the "Company") today announced financial results for the third quarter ended September 30, 2010. * Revenue increased 33.4% to $44.9 million from $33.6 million in the prior year period. * Gross profit rose to $16.3 million from $15.7 million in the third quarter of 2009. Gross margin was 36.3%, compared to 46.6% in the prior year period. * Operating income was $69,000, compared to $1.0 million in the prior year period. * Adjusted EBITDA was $961,000 compared to $2.6 million in the third quarter of 2009. * Adjusted EBITDA in the first nine months of 2010 was $9.9 million compared to $9.0 million in the first nine months of 2009. * Non-GAAP net income in the first nine months of 2010 was $5.1 million, compared to $4.6 million in the prior year period. Non-GAAP net income was $299,000, or $0.01 per diluted share, compared to $1.3 million, or $0.03 per diluted share, in the third quarter of 2009. On a GAAP basis, the Company reported a net loss of $1.3 million, or $0.03 per diluted share, compared to a net loss of $208,000, or $0.01 per diluted share, in the third quarter of 2009. The earnings per share calculation is based on 51.3 million diluted shares outstanding, compared to 50.8 million diluted shares outstanding in the prior year period.