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CRH Medical reports Q3 2009 results
Date:11/30/2009

    -  Product revenues increase by 247%
    -  Net loss reduced significantly

VANCOUVER, Nov. 30 /PRNewswire-FirstCall/ - CRH Medical Corporation (CRM:TSX-V) announced today unaudited results for the three and nine months ended September 30, 2009 (all figures are in US dollars):

For the three months ended September 30, 2009, the Company reported a net loss of $429,860 compared to a net loss of $993,211 for the three months ended September 30, 2008, an improvement of 57%. The net loss for the nine months ended September 30, 2009 was $1,497,609 compared to a net loss of $3,049,922 for the nine months ended September 30, 2008.

Revenues from product sales for the three months ended September 30, 2009 were $473,985 compared to $167,672 for the three months ended September 30, 2008, an increase of 183%. For the nine months ended September 30, 2009, revenues from product sales increased 247% to $1,289,649 compared to $371,365 for the nine months ended September 30, 2008.

Revenues from Center operations were $1,281,376 for the three months ended September 30, 2009 compared to $1,789,970 for the three months ended September 30, 2008. Consistent with the Company's strategic emphasis on product revenues, Center operation revenues were generated from 10 Centers in the current quarter, versus 17 Centers in the comparable 2008 period. Revenues from Center operations were $4,054,951 for the nine months ended September 30, 2009 compared to $4,587,610 for the nine months ended September 30, 2008.

The Company also reported that as of September 30, 2009, it had $1,574,804 in cash and cash equivalents compared to $239,337 at the end of 2008.

Commenting on the third quarter Edward Wright the Company's CEO said, "Our results for the third quarter illustrate the successful implementation of our strategy to focus on the significant market available to us via our Partnership Program. The number of phys
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SOURCE CRH Medical Corporation
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