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HealthFitness Announces 2008 Second Quarter Results
Date:8/4/2008

0,

2008 2007 2008 2007

REVENUE $18,815,458 $16,979,167 $37,518,125 $33,569,200

COSTS OF REVENUE 13,278,965 12,223,734 26,639,367 24,003,873

GROSS PROFIT 5,536,493 4,755,433 10,878,758 9,565,327

OPERATING EXPENSES

Salaries 3,026,310 2,645,073 5,998,687 5,043,875

Other selling,

general and

administrative 1,832,102 1,691,109 3,595,767 3,173,634

Amortization of

acquired intangible

assets 42,770 42,770 85,540 85,540

Total operating

expenses 4,901,182 4,378,952 9,679,994 8,303,049

OPERATING INCOME 635,311 376,481 1,198,764 1,262,278

OTHER INCOME (EXPENSE)

Interest expense (3,208) (4,591) (4,131) (6,690)

Other, net (1,211) 4,090 1,074 2,576

EARNINGS BEFORE INCOME

TAXES 630,892 375,980 1,195,707 1,258,164

INCOME TAX EXPENSE 268,192 202,976 508,295 573,493

NET EARNINGS $362,700 $173,004 $ 687,412 $ 684,671

NET EARNINGS PER SHARE:

Basic $0.02 $0.01 $ 0.03 $ 0.04

Diluted 0.02 0.01 0.03 0.03

WEIGHTED AVERAGE COMMON

SHARES:

Basic 19,727,954 19,702,693 19,906,247 19,508,107

Diluted 19,984,737 20,558,007 20,281,772 20,415,501


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SOURCE Health Fitness Corporation
Copyright©2008 PR Newswire.
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