SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Jan. 20, 2005--Medicis (NYSE:MRX) today announced second quarter fiscal 2005 net revenue growth of approximately 31% to $92.3 million with “if-converted” net income of $25.4 million, or $0.36 per diluted share, absent a $3.5 million tax-effected special charge associated with a research and development collaboration, compared to second quarter fiscal 2004 net revenues of $70.6 million with “if-converted” net income of $16.9 million, or $0.24 per diluted share, absent a $1.6 million tax-effected special charge associated with a research and development collaboration. Including the tax-effected special charge of $3.5 million, the Company reported Generally Accepted Accounting Principles (“GAAP”) net income of $20.2 million, or $0.31 per diluted share for the second quarter of fiscal 2005. Including the tax-effected special charge of $1.6 million, the Company reported GAAP net income of $13.6 million, or $0.21 per diluted share for the second quarter of fiscal 2004. Diluted per share amounts are calculated using the “if-converted” method of accounting in accordance with GAAP.
