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Message: Quarterly Review before Q 3 numbers get released in two weeks

Quarterly Review before Q 3 numbers get released in two weeks

posted on Jan 27, 2009 10:15AM

Gross profit for Q2 2009 was $1.2 million or 65% of revenues, compared to $597,000 or 26% of revenues for the same period a year ago.

Operating expenses for Q2 2009 were $757,000, an increase of 10% from $688,000 in Q2 2008. Legal expenses and costs associated with holding the Company’s September shareholders meeting were primarily responsible for the increase.

Operating income for Q2 2009 was +$400,000 compared to an operating loss of $91,000 in the prior year’s Q2.

Revenues for the first six months of fiscal 2009 were $2.2 million, compared to $3.6 million for the same six months in fiscal 2008.

Gross profit for the first six months of fiscal 2009 was $1.3 million or 59% of revenues, compared to $844,000 or 23% of revenues for the same period a year ago.

Operating expenses for the first six months of fiscal 2009 were $1.4 million, basically unchanged from $1.4 million for the first six months of fiscal 2008

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