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Corgenix Reports Third Quarter Fiscal 2009 Financial Results
Date:5/14/2009

's periodic report filings with the Securities and Exchange Commission. The statements in this press release are made as of today, based upon information currently known to management, and the company does not undertake any obligation to publicly update or revise any forward-looking statements.

                          SUMMARY OF FINANCIAL HIGHLIGHTS
      ($000 of U.S. dollars except shares outstanding and per share amounts)

                   CORGENIX MEDICAL CORPORATION AND SUBSIDIARIES
                                 OPERATIONAL DATA

                       Three Months Ended           Nine Months Ended

                      March 31,   March 31,      March 31,      March 31,
                        2009        2008           2009           2008
                     (unaudited) (unaudited)    (unaudited)    (unaudited)

    Net sales          $2,032      $1,951         $6,029         $6,455
    Gross profit        1,144       1,140          3,404          3,627
    Total operating
     expenses           1,205       1,203          3,616          3,464
    Operating income
     (loss)               (61)        (63)          (211)           163
    Net loss             (454)       (352)        (1,064)        (1,101)
    Weighted average
     shares
     outstanding   30,286,922  26,452,150     30,219,233     23,601,550
    Net loss per
     share             $(0.02)     $(0.01)        $(0.04)        $(0.05)
    Adjusted EBITDA      $267        $123           $456           $652



                            SUMMARY BALANCE SHEET DATA
                                  (in thousands)

                                      March 31, 2009   June 30, 2008
                                       (unaudited)       (audited)

    Cash                                   $665            $1,520
    Working capital                       2,150             2,889
    Total assets                          6,875     
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SOURCE  Corgenix Medical Corporation
Copyright©2009 PR Newswire.
All rights reserved

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