Revenues for the fourth quarter of 2007 were $64.3 million, compared to $59.3 million in the same quarter of 2006. The Company's loss from continuing operations was $6.7 million in the fourth quarter of 2007, compared to $5.0 million in the same quarter of 2006. The Company's net loss was $6.6 million in the fourth quarter of 2007 versus $4.9 million in 2006. Diluted net loss per share was $0.30 in the fourth quarter of 2007, compared to $0.23 in the fourth quarter of 2006. Adjusted EBITDA, defined as earnings before interest, taxes, depreciation and amortization, and the effects of certain other items, was $6.9 million in the fourth quarter of 2007, compared to $8.3 million in the fourth quarter of 2006. Adjusted EBITDA from continuing operations was $7.0 million in the fourth quarter of 2007 versus $7.9 million in the corresponding 2006 quarter. Available Cash for the fourth quarter of 2007 was $3.4 million, compared to $2.0 million in the fourth quarter of 2006. A discussion regarding the presentation of Adjusted EBITDA and Available Cash in this press release, including reconciliations of Adjusted EBITDA to EBITDA and net income and the calculation of Available Cash, is set forth below in the section titled, "SUPPLEMENTAL DISCLOSURE REGARDING NON-GAAP FINANCIAL INFORMATION."
"We were challenged on several fronts in 2007, including unusually volatile weather in certain key months and increased cost pressures," commented Chairman and Chief Executive Officer William P. Brick. "Despite last year's difficulties, we enter 2008 with sound fundamentals and are well positioned to take advantage of opportunities, including further acquisitions and the continued implementation of our ongoing cost savings initiatives, as well as to respond to the challenges that we see on several fronts."
Revenues in the full year 2007 were $339.0 million, compared to $335.0 million in 2006. The Company's income from continuing operations was $9.4 million in 2007, compared to $15.9 million in 2006. Net income in 2007 was $10.3 million, compared to $14.7 million in 2006. Diluted net income per share was $0.47 in 2007, compared to $0.68 in 2006. Adjusted EBITDA was $83.8 million in 2007, compared to $88.7 million in 2006. Adjusted EBITDA from continuing operations was $82.7 million and $86.0 million in 2007 and 2006, respectively. Available Cash for the full year 2007 was $46.1 million, compared to $55.5 million in 2006.
In connection with its ongoing acquisition strategy, the Company completed three acquisitions during the fourth quarter of 2007, bringing the total number of acquisitions in 2007 to twenty. No acquisitions have been completed to date in 2008. These twenty acquisitions, together with the acquisition of one facility in the fourth quarter which had previously been leased, had an aggregate acquisition cost of approximately $27.2 million. Annual revenues and Adjusted EBITDA associated with these twenty acquisitions, together with the leased facility acquisition, are approximately $17.0 million and $4.9 million, respectively.
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