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HealthFitness Announces Third Quarter 2007 Financial Results
Date:11/5/2007

ear, and a gross margin decrease for programs and

consulting services, which fell to 54.8%, from 61.6% last year. The

gross margin decrease for staffing services is primarily due to a

workers compensation premium refund in the third quarter of 2006, in

addition to lower pricing for our new 2007 contracts. The gross

margin decrease for programs and consulting is primarily due to a

higher level of unproductive staff time for biometric screening

services, and higher costs attributable to providing our eHealth

platform.

-- Gross margin for our fitness management segment fell to 23.3%, from

27.5% for the prior year period. This result is primarily due to a

gross margin decrease for staffing services, which fell to 21.7%,

from 26.4%. This decline is primarily due to a workers compensation

premium refund in the third quarter of 2006, lower pricing for our

new 2007 contracts, and gross margin loss due to the cancellation of

a large automotive contract effective March 31, 2007. This gross

margin decrease was partially offset by gross margin growth in

programs and consulting services, which grew to 50.7%, from 46.7%.

This margin improvement is primarily due to lower costs for a number

of services we provide at our fitness center sites.

-- Operating expenses as a percent of revenue increased to 27.1%, from

20.0% for the same period last year. This increase is primarily due

to a 25.6% increase in salaries, which excludes a $193,500 increase

in stock-based compensation, and a 61.9% increase in other selling,

general and administrative expenses. These increases are primarily

due to planned investments in additional staff and other operating

expenses within certain operating units, including Research,

Development
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SOURCE Health Fitness Corporation
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