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Microfluidics International Corporation Announces Third Quarter 2009 Financial Results
Date:11/2/2009

d deficit (16,481) (16,039) Treasury stock, 235,446 shares, at cost, as of September 30, 2009 and December 31, 2008 (669) (669) ---- ---- Total stockholders' equity 1,152 1,440 ----- ----- Total liabilities and stockholders' equity $8,817 $8,720 ====== ====== MICROFLUIDICS INTERNATIONAL CORPORATION Condensed Consolidated Statements of Operations (Unaudited - in thousands, except share and per share amounts) For The Three Months Ended For The Nine Months Ended September 30, September 30, 2009 2008 2009 2008 Revenues $4,462 $3,511 $11,490 $11,407 Cost of sales 1,533 1,708 4,679 5,542 Gross profit 2,929 1,803 6,811 5,865 Operating expenses: Research and development 418 569 1,263 1,631 Selling 995 1,199 3,123 3,327 General and administrative 965 1,057 2,491 3,174 Total operating expenses 2,378 2,825 6,877 8,132 Income (loss) from operations 551 (1,022) (66) (2,267) Interest expense (126) (39) (378) (50) Interest income - - 2 21 Net Income (loss) $425 $(1,061)
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