Adept Technology Reports Q3 Fiscal 2008 Results

ADEPT TECHNOLOGY, INC.
Reconciliation of Adjusted EBITDA to GAAP Net Income (Loss)

(in thousands)

(unaudited)
Three Months ended

March 29, 2008

Three Months ended

December 29, 2007

Three Months ended

March 31, 2007

Net income (loss) $ 983 $ 1,461 $ (2,440 )
Interest income, net of interest expense (71 ) (88 ) (98 )
Taxes 50 48 (8 )
Depreciation 408 407 200
Amortization of intangibles 47 19 -
Stock-based compensation 198 244 386
Adjusted EBITDA $ 1,615 $ 2,091 $ (1,960 )

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