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Escalon(R) Reports Financial Results for 2007 Fiscal Year
Date:9/28/2007

y's business units, including the integration of Drew's and MRP's operations and any acquisitions it may undertake, if any, of which there can be no assurance, implement cost reductions, generate cash and identify, finance and enter into business relationships and acquisitions, uncertainties and risks related to new product development, commercialization, manufacturing and market acceptance of new products, marketing acceptance of existing products in new markets, the continuity of royalty revenue, litigation and non-recurring expenses, research and development activities, including failure to demonstrate clinical efficacy, delays by regulatory authorities, scientific and technical advances by Escalon or third parties, introduction of competitive products, third party reimbursement and physician training as well as general economic conditions. Further information about these and other relevant risks and uncertainties may be found in the Company's report on Form 10- K, and its other filings with the Securities and Exchange Commission, all of which are available from the Commission as well as other sources.

ESCALON MEDICAL CORP. AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

(Unaudited)

Three Months Ended June 30, Year Ended June 30,

2007 2006 2007 2006

Net revenues:

Product revenue $7,414,831 $6,648,232 $27,892,738 $27,543,785

Other revenue $59,289 $559,548 $10,945,042 $2,246,913

Revenues, net $7,474,120 $7,207,780 $38,837,780 $29,790,698

Costs and expenses:

Cost of goods sold $4,226,375 $3,993,252 $15,771,254 $16,003,904

Marketing, general

and administrative $3,744,306 $3,599,176 $13,806,399 $13,994,788

Research and

development $822,909 $692,246
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SOURCE Escalon Medical Corp.
Copyright©2007 PR Newswire.
All rights reserved

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