Escalon(R) Reports First Quarter Fiscal 20...(ct revenue ...),Health

Other revenue 28,278 59,921

Revenues, net 8,697,443 6,893,271

Costs and expenses:

Cost of goods sold 4,844,140 3,922,586

Marketing, general and administrative 3,276,317 2,939,908

Research and development 1,046,165 923,361

Total costs and expenses 9,166,622 7,785,855

Income (loss) from operations (469,180) (892,584)

Other (expense) and income:

Equity in Ocular Telehealth Management, LLC (21,000) (34,111)

Interest income 47,526 101,697

Interest expense (9,408) (3,793)

Total other income 17,118 63,793

Net (loss) before taxes (452,062) (828,791)

Provision for income taxes 28,800 0

Net (loss) $(480,862) $(828,791)

Basic net (loss) per share $(0.07) $(0.13)

Diluted net income (loss) per share $(0.07) $(0.13)

Weighted average shares - basic 6,413,930 6,388,086

Weighted average shares - diluted 6,413,930 6,388,086

ESCALON MEDICAL CORP. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

September 30, June 30,

2008 2008

Cash and cash equivalents $2,310,537 $3,708,456

Total assets 30,676,515 31,896,020

Total current liab
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