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Healthcare Technologies Reports Loss for 2007 Second Quarter & Six Months Results
Date:8/19/2007

bsidiaries and affiliate Gamidor Diagnostics (1984) Ltd. ,Danyel Biotech Ltd. and Savyon Diagnostics Ltd., specializes in the development, manufacturing and marketing of clinical diagnostic test kits and provides services and tools to diagnostic and biotech research professionals in laboratory and point of care sites worldwide.

Healthcare Technologies Ltd.

Condensed Consolidated Statement of Operations

(U.S. Dollars in Thousands, Except Profit (Loss) Per Share Information)

Three Months Ended Six Months Year

Ended Ended

06/30/07 06/30/06 06/30/07 06/30/06 12/31/06

Sales 3,672 3,459 7,754 7,050 13,656

Gross profit 1,083 1,182 2,430 2,387 4,775

Net (Loss)

profit (432) 171 (319) 523 210

Profit

(Loss) per

share (0.06) 0.02 (0.04) 0.07 0.03

Weighted

average

number of

shares and

share

equivalents

outstanding

(in

Thousands) 7,793 7,703 7,793 7,703 7,715

Consolidated Balance Sheet,

(U.S $ in thousands)

June 30, June December

2007 30, 31, 2006

2006

Cash and cash equivalents 337 1,105 361

Total current assets 7,434 7,302 7,672

Total current liabilities 5,903 4,807 5,055

Shareholder's equity 6,924 7,453 7,315

SAFE HARBOR: This press release contains certain forward looking statements within the meaning of section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. With the exception of historical information contained herein, the matters discussed in this pr
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SOURCE Healthcare Technologies Ltd

Copyright©2007 PR Newswire.

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