CONTACTS
Company Contact: Investor Relations Contact:
Wes Winnekins, CFO Joe Dorame, Robert Blum, Joe Diaz
Health Fitness Corporation Lytham Partners, LLC
(952) 897-5275 (602) 889-9700
E: fit@lythampartners.com
HEALTH FITNESS CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
Three Months Ended Nine Months Ended
September 30, September 30,
2009 2008 2009 2008
---- ---- ---- ----
REVENUE $19,775,972 $18,497,423 $57,764,111 $56,015,548
COSTS OF
REVENUE 13,335,335 12,510,045 39,419,619 39,149,412
---------- ---------- ---------- ----------
GROSS PROFIT 6,440,637 5,987,378 18,344,492 16,866,136
OPERATING
EXPENSES
Salaries 3,143,231 2,950,618 9,259,634 8,949,305
Other selling,
general and
administrative 1,783,897 1,485,206 5,188,745 5,080,973
Amortization
of trademarks
and other
intangible
assets 24,758 42,771 74,275 128,311
------ ------ ------ -------
Total
operating
expenses 4,951,886 4,478,595 14,522,654 14,158,589
--------- --------- ---------- ----------
OPERATING
INCOME 1,488,751 1,508,783 3,821,838 2,707,547
OTHER INCOME
(EXPENSE)
Interest
expense - (16,252) - (20,383)
Other, net 19 (662) 1,546
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