HealthFitness Announces 2008 Third Quart... ( High...)

HealthFitness Announces 2008 Third Quarter Results

Date:11/3/2008

Highlights

- Total revenue increased 8 percent

- Gross margin expanded to 32.4 percent from 28.5 percent

- Health management segment revenue grew 25 percent - Net earnings: $0.8 million vs. $0.02 million - EPS: $0.09 vs. $0.00

MINNEAPOLIS, Nov. 3 /PRNewswire-FirstCall/ -- Health Fitness Corporation (NYSE Alternext US: FIT), a leading provider of integrated employee health and productivity management solutions, today announced financial results for the third quarter ended September 30, 2008.

For the third quarter, revenue increased approximately 8 percent to $18.5 million, from $17.2 million for the same period in 2007. Gross profit during the quarter rose to $6.0 million, from $4.9 million during the prior-year period. Operating income totaled $1.51 million for the quarter up from $0.23 million for the same period in 2007. Net earnings were $0.8 million, or $0.09 per diluted share, versus $0.02 million, or $0.00 per diluted share, in the prior-year period.

2008 Third Quarter Business Segment Information

Revenue and gross profit information by segment:

Health Management

(in thousands)

REVENUE Q3 2008 Q3 2007

Staffing Services $4,552 $4,017

Program Services 3,624 2,514

Total Health Mgt $8,176 $6,531

GROSS PROFIT Q3 2008 Q3 2007

Staffing Services $1,280 $1,036

Program Services 2,142 1,378

Total Health Mgt $3,422 $2,414

During the 2008 third quarter, health management segment revenue grew 25.2 pe
'/>"/>

0

GOOD

Page: 1 2 3 4 5 6 7 8 9 10
Related medicine news :

1. HealthFitness CEO Supports Move Toward Cultural Shift, and Science-Based Health Management Programming
2. HealthFitness Announces Third Quarter 2007 Financial Results
3. From Research to Practice: Healthfitness, Eastman Chemical Company Case Study Demonstrates Real-World Health Gains and Productivity Savings
4. HealthFitness Adds More Than 25 Clients as Employers Adopt 21st Century Health Benefit Design
5. HealthFitness Announces Executive Changes: Chief Operations Officer And New Medical Officer Appointed; Vice Chairman Retires
6. HealthFitness Announces 2007 Fourth Quarter and Full-Year Results
7. HealthFitness Teams with Pfizer Health Solutions to Implement CMS Senior Risk Reduction Demonstration Project
8. HealthFitness Corporation to Report Second Quarter Financial Results
9. HealthFitness Guides Incentives Strategy to Spark Participation in American Electric Power's Employee Health and Wellness Initiative New Issue Brief Highlights AEP program, Outlines Elements for Success
10. HealthFitness Announces 2008 Second Quarter Results
11. HealthFitness Corporation to Report 2008 Third Quarter Financial Results

Post Your Comments:

HealthFitness Announces 2008 Third Quart...( High...),Health