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Hooper Holmes Posts Q2 2009 Results

Consolidated revenues totalled $46.2 million

Hooper Holmes has announced financial results for the three and six months ended June 30, 2009. The consolidated revenues totalled $46.2 million for the second quarter of 2009, compared to $51.2 million for the second quarter of 2008 and $47.4 million in the first quarter of 2009.

The company recorded a net loss of $0.5 million for the second quarter of 2009, or $(0.01) per share, as compared to net income of $0.1 million or $0.00 per share in 2008.

For the six months ended June 30, 2009, consolidated revenues were $93.6 million as compared to $103.6 million in the comparable period of 2008. The company’s net loss for the six months ended June 30, 2009 totalled $2.3 million, or $(0.03) per share, compared to a net loss of $0.5 million or $(0.01) per share in 2008.

Hooper Holmes Services (formerly Underwriting Solutions and Infolink) revenue totalled $6.5 million for the second quarter of 2009, a decline from $6.8 million for the first quarter of 2009 and $10.1 million in the second quarter of 2008.

Health & Wellness revenue totalled $2 million for the second quarter of 2009, a decline from $2.4 million of revenue in the first quarter of 2009, but an increase of 48% from $1.3 million of revenue in the comparable second quarter of 2008.

Hooper Holmes is a provider of risk assessment services for the insurance industry.