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Message: '08 service revenues were close to 2009's revenues
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'08 service revenues were close to 2009's revenues

posted on Jun 23, 2009 02:23PM

2009 $578,303

2008 $ 710,766

Product sales differed dramatically.

Year Ended March 31,
2008
% of
2007
% of
Change
Dollars
Revenue
Dollars
Revenue
Dollars
%
Revenues:
Product revenues
4,841,855
87
%
1,815,014
100
%
3,026,841
167
%
Service revenues
710,766
13
%
-
0
%
710,766
5,552,621
100
%
1,815,014
100
%
3,737,607
206
%
Gross Profit:
Product gross profit
986,914
18
%
1,025,241
56
%
(38,327
)
(4
)%
Service gross profit
557,094
10
%
-
0
%
557,094
1,544,008
28
%
1,025,241
56
%
518,767
51
%
Operating Expenses:
Selling and administrative
1,980,451
36
%
1,618,973
89
%
361,478
22
%
Research and related
1,006,037
18
%
1,474,540
81
%
(468,503
)
(32
)%
2,986,488
54
%
3,093,513
170
%
(107,025
)
(3
)%
Other expenses
(276,587
)
(5
)%
(1,061,001
)
-58
%
784,414
(74
)%
Loss and comprehensive loss
(1,719,067
)
(31
)%
(3,129,273
)
(172
%)
1,410,206
(45
)%
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