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AMDL Inc. Announces Second Quarter 2009 Financial Results
Date:8/19/2009

TUSTIN, Calif., Aug. 19 /PRNewswire-FirstCall/ -- AMDL Inc. (NYSE Alternext US: ADL), a US-based pharmaceutical company with major operations in China, today reported unaudited results and the filing of its Form 10-Q with the Securities and Exchange Commission ("SEC") for fiscal second quarter 2009.

For the three-month period ending June 30, 2009, AMDL reported revenues of approximately $3.2 million, a 35 percent decrease compared with revenues of $4.9 million in the second quarter of 2008. AMDL reported a comprehensive loss of approximately $8.0 million ($0.51 per share) in the second quarter of 2009, that included a one-time loss of approximately $4.2 million associated with the sale of YYB -- a wholly-owned foreign subsidiary of AMDL's China-based subsidiary Jade Pharmaceuticals Inc. (JPI), and a $1.9 million provision for doubtful accounts receivable from fourth quarter FY2008 sales of its newly launched Nalefen human placenta extract (HPE) based skin care product.

Sales for the second quarter were affected by commercial production delays for the Company's strongest selling Goodnak(TM) anti-aging injectable. Lack of commercial production was the result of a non-operational small-injectable production line, which was off-line while awaiting a mandatory 5-year GMP re-certification from the SFDA in China. As previously announced AMDL received initial re-certification in March 2009 and resumed full product production in July 2009. On a comparable basis before one-time charges, AMDL reported a loss of $0.51 per share during the second quarter of 2009, as compared to a $0.03 per share loss in the second quarter of 2008.

Gross profits for the second quarter FY2009 decreased to approximately $1.0 million compared to approximately $2.4 million for the same period in FY2008. Selling, general and administrative expenses for continuing operations of the Company were app
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SOURCE AMDL Inc.
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