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Message: Gross profit for fiscal year '09 was $6.5 million vs $1.5 million for fiscal '08

Gross profit for fiscal year '09 was $6.5 million vs $1.5 million for fiscal '08

posted on Jun 25, 2009 08:14PM

"Gross profit for fiscal year 2009 was $6.5 million or 59% of revenues, compared to $1.5 million or 28% of revenues for the same period a year ago. The improved gross profit resulted from higher margin patent license revenue. Operating expenses for fiscal year 2009 were $2.8 million, compared to $3.0 million in fiscal year 2008. The decrease resulted from reduced personnel and reassigning certain engineers and technicians to customer support and service roles, offset by increased legal expenses."

What would the gross profit on a $50 million fiscal year be?

$29,500

When most companies don't have profit margins anywhere close to this, EDIG sits in a very unique position. If and when larger settlements begin the impact of these margins becomes more impressive.

EDIG stretched to hit $ 3 million in sales a couple of years ago and now they NET that.

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