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CHENGDU, China, Feb. 8 /PRNewswire-Asia-FirstCall/ -- Tianyin Pharmaceutical Co., Inc., (NYSE Alternext: TPI), a manufacturer and supplier of modernized traditional Chinese medicine ("TCM") based in Chengdu, China, today announced fiscal results for its second quarter ended December 31, 2009.
-- Q2 2010 Revenue Increased 47.9% to $14.9 Million, Net Income Increased
24.8% to $2.6 Million with adjusted EPS of $0.11 on a diluted basis
-- Cash and Equivalents of $19.9 Million on December 31, 2009
-- First-half 2010 Cash Flow from Operations Increased 24.5% to
$4.9 million
-- Tianyin secured SFDA approvals for four new products during the second
quarter addressing multiple indications, bringing total number of
products in the portfolio to 48
Q2 FY2010 Results
Q2 FY2010 Q2 FY2009 CHANGE (%)
Net Sales $14.9 million $10.1 million +48%
Gross Profit $7.8 million $5.2 million +50%
GAAP Net Income $2.6 million $2.1 million +25%
Adjusted Net Income* $3.4 million $2.1 million +62%
GAAP EPS (Diluted) $0.08 $0.13 -38%
Adjusted EPS (Diluted) $0.11 $0.13 -15%
Weighted Shares Outstanding 30.4 million 15.7 million +94%
Six Months FY2010 Results
Six Months Six Months CHANGE
FY2010 FY2009 (%)
Net Sales $28.3 million $19.7 million +44%
Gross Profit $14.8 million $10.0 million +48%
GAAP Net Income
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