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Message: From the 10Q filied 2/14/08 for teddy/ LL / read and weep
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From the 10Q filied 2/14/08 for teddy/ LL / read and weep

posted on May 10, 2008 11:08AM

Nine months ended December 31, 2007 compared to the nine months ended December 31, 2006

Nine Months Ended December 31,
2007
2006
% of
% of
Change
Dollars
Revenue
Dollars
Revenue
Dollars
%
Revenues:
Product revenues
4,470,597
89.8
%
1,336,434
100.0
%
3,134,163
Service revenues
507,065
10.2
%
-
0.0
%
507,065
4,977,662
100.0
%
1,336,434
100.0
%
3,641,228
Gross Profit:
Product gross profit
849,139
17.1
%
944,456
70.7
%
(95,317
)
Service gross profit
390,725
7.8
%
-
0.0
%
390,725
1,239,864
24.9
%
944,456
70.7
%
295,408
Operating Expenses:
Selling and administrative
1,427,344
28.7
%
1,179,613
247,731
21.0
%
Research and related
739,592
14.9
%
1,101,231
(361,639
)
(32.8
%)
2,166,936
43.5
%
2,280,844
(113,908
)
(5.0
%)
Other expenses
(221,445
)
(4.4
%)
(1,549,083
)
1,327,638
(85.7
%)
Loss and comprehensive loss
(1,148,517
)
(23.1
%)
(2,885,471
)
1,736,954
(60.2
%)

Loss and Comprehensive Loss
The net loss of $1,148,517 for the nine months ended December 31, 2007 was a $1,736,954 decrease from the loss of $2,885,471 for the comparable period of the prior year. The improved financial results are the result of current year eVU product and service revenues and related product margins. We have also contained costs with operating expenses reduced from the comparable prior year period while supporting increased revenues. Other expenses were $1,327,638 less due to decreased non-cash debt amortization resulting from prior year debt and decreased warrant inducement costs.
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