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Allied Healthcare Net Income Increases
Date:11/7/2008

3,501,054 3,167,013

Selling, general and administrative

expenses 3,183,587 3,042,969

Income from operations 317,467 124,044

Interest income (30,659) (40,769)

Other expense, net 12,067 15,150

(18,592) (25,619)

Income before provision

for income taxes 336,059 149,663

Provision for income taxes 127,702 62,597

Net income $208,357 $87,066

Basic and diluted earnings per share $0.03 $0.01

Weighted average common shares

Outstanding - Basic 7,891,232 7,883,577

Weighted average common shares

Outstanding - Diluted 8,132,931 8,106,796

ALLIED HEALTHCARE PRODUCTS, INC.

CONSOLIDATED BALANCE SHEET

(UNAUDITED)

September 30, 2008 June 30, 2008

ASSETS

Current assets:

Cash and cash equivalents $4,124,456 $6,149,015

Accounts receivable, net of

allowances of $300,000 6,372,369 6,441,683

Inventories, net 12,776,424 12,046,450

Other current assets 554,744 394,975

Total current assets 23,827,993 25,032,123

Property, plant and equipment, net 11,174,253 10,542,573

Goodwill 15,979,830 15,979,830

Other assets, net
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SOURCE Allied Healthcare Products Inc.
Copyright©2008 PR Newswire.
All rights reserved

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