For the quarter, adjusted EBITDA was $5.5 million (12.9% of net sales), up 7.8% from 2007. Gross income was $1.6 million, prior to a non-cash writeoff of $38.9 million to cover goodwill. The gross margin was up 2.2 points to 19.6%, operating income before goodwill charge of $1.3 million, and adjusted EBITDA of $5.5 million.
 
For the year ended Dec. 31, the company saw revenue grow 5% to $191 million on market share gains, and gross margins improved to 20.3%, up 100 basis points. Adjusted EBITDA rose 27% to $26 million.
 
In fiscal 2008, DDi reported a GAAP net loss of $33.4 million, including goodwill. Less the writeoff, the non-GAAP net income was $5.5 million, up 700%.
 
In a press release, DDi chief executive and president Mikel Williams said the bare-board fabricator saw a slowdown during the end of the quarter, which typically is slower due to holiday seasonality.

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