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Hamilton Thorne announces third quarter results
Date:11/24/2009

emable convertible preferred stock and stockholders' deficit $ 2,090,070 $ 1,913,405 ------------------------------------------------------------------------- ------------------------------------------------------------------------- Statements of Operations and Deficit (Unaudited and in US $) Nine and three months ended Nine Months Three Months September 30, 2009 2008 2009 2008 ------------------------------------------------------------------------- ------------------------------------------------------------------------- Revenues $ 3,597,533 $ 4,101,593 $ 1,463,109 $ 1,426,310 Cost of revenues 1,316,211 1,492,646 493,138 483,388 ------------------------------------------------------------------------- Gross profit 2,281,322 2,608,947 969,971 942,922 ------------------------------------------------------------------------- Operating expenses: Research and development 590,293 612,757 192,596 204,887 Selling and marketing 1,434,464 1,692,518 524,460 580,058 General and administration 1,067,305 1,084,750 325,652 365,175 Total operating expenses 3,092,062 3,390,025 1,042,708 1,150,120 Loss from operations (810,740) (781,078) (72,737) (207,198) ------------------------------------------------------------------------- Interest (expense) income: Interest expense (173,262) (221,024) (75,161) (76,511) Interest income 636 998 214 303 -------------------------------------------------------------------------
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