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/C O R R E C T I O N -- Health Robotics/
Date:3/15/2010

tisfied to see that while our direct IV Robotics competitors fail to even disclose financial results, with tens of millions of dollars in debt and massive lay-offs as their only available public information, Health Robotics has no debt, has improved its cash-on-hand position ten-fold [$1.6M] year-over-year, and for the second consecutive year distributes in excess of two million US dollars in cash dividends to its shareholders" stated Werner Rainer, CEO of Health Robotics.

Gross Revenues in FY2009 were $15.1 million, a 31% increase year-over-year as the company began to record the benefits of its multi-product offering and continued to profit from its recurring revenue model and growth in both products and customer base.

Gross Margins including extraordinary items in FY2009 were $8 million, in line with the prior annual period, as the company recorded an extraordinary charge of bad debt in connection with the termination of Devon. Not including the effects of the extraordinary Devon's items, Gross Margins in FY2009 were $10.7 million, a 32% increase year-over-year. Operating Expenses in FY2009 were $3.4 million, a $1.3 million decrease year-over-year, as the company benefited from consolidating intellectual property and research and develo
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SOURCE Health Robotics
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