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Escalon(R) Reports Third Quarter Fiscal 2008 Results
Date:5/15/2008

,940 9,658,299 154,315 10,885,753

Revenues, net 8,187,567 16,558,760 22,575,918 31,363,660

Costs and expenses:

Cost of goods sold 4,912,381 4,036,285 12,786,574 11,544,879

Research and

development 1,040,116 843,858 2,840,227 2,638,413

Marketing, general and

administrative 4,097,401 3,361,582 10,409,662 10,062,093

Total costs and

expenses 10,049,898 8,241,725 26,036,463 24,245,385

(loss) income from

operations (1,862,331) 8,317,035 (3,460,545) 7,118,275

Other (expense) and

income:

Equity in Ocular

Telehealth Management,

LLC (14,013) (25,191) (64,735) (55,889)

Interest income 78,189 54,451 265,277 113,385

Interest expense (17,987) (8,676) (24,276) (23,615)

Total other income 46,189 20,584 176,266 33,881

Net (loss) income before

taxes (1,816,142) 8,337,619 (3,284,279) 7,152,156

Provision for income

taxes 126,480 66,157 126,480 64,914

Net (loss) income $(1,942,622) $8,271,462 $(3,410,759) $7,087,242

Basic net (loss) income

per share $(0.30) $1.39 $(0.53) $1.23

Diluted net (loss) income

per share $(0.30) $1.32 $(0.53) $1.14

Weighted average shares

- basic 6,389,315 5,932,920 6,388,905 5,787,753

Weighted average shares

- diluted 6,389,315 6,251,847 6,388,905 6,238,515

SELECTED BALANCE SHEET DATA:

March 31, June 30,

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SOURCE Escalon Medical Corp.
Copyright©2008 PR Newswire.
All rights reserved

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