Q4 2008 Highlights:
- Total revenue increased 12.6 percent in Q4
- Gross margin expanded to 31.7 percent from 27.0 percent
- Health management segment revenue grew 36.0 percent
- Net earnings: $1.2 million vs. $0.02 million - EPS: $0.12 vs. $0.02
MINNEAPOLIS, March 4 /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 fourth quarter and the year ended December 31, 2008.
For the fourth quarter, revenues increased 12.6 percent to $21.7 million compared to $19.2 million in the fourth quarter of 2007. Gross profit during the quarter rose to $6.9 million, from $5.2 million in the comparable quarter last year. Operating income totaled $2.1 million for the quarter, up from $0.4 million for the same period in 2007. Net earnings were $1.2 million, or $0.12 per diluted share, versus $0.2 million, or $0.02 per diluted share, in the fourth quarter of 2007.
2008 Fourth Quarter Business Segment Information
Revenue and gross profit information by segment:
Health Management
(in thousands)
REVENUE Q4 2008 Q4 2007
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Staffing Services $4,724 $4,202
Program Services $6,912 $4,352
Total Health Mgmt. $11,636 $8,554
GROSS PROFIT Q4 2008 Q4 2007
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Staffing Services $1,332 $1,016
Program Services $3,273
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