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InfoLogix Announces Second Quarter Financial Results
Date:8/13/2009

HATBORO, Pa., Aug. 13 /PRNewswire-FirstCall/ -- InfoLogix, Inc. (Nasdaq: IFLG), a leading technology provider of enterprise mobility solutions for the healthcare and commercial industries, today announced financial results for the quarter ended June 30, 2009.

(Logo: http://www.newscom.com/cgi-bin/prnh/20090618/NE35135LOGO )

Second Quarter 2009 Financial Results

David T. Gulian, president and chief executive officer of InfoLogix, said: "We remain committed to our vision of becoming the leading provider of enterprise mobility solutions for the healthcare and commercial markets, by providing enhanced implementation and integration services, software systems and mobile managed services. Although some customers have postponed IT projects to conserve capital resources in the current economic environment, which resulted in lower revenue for us in the second quarter of 2009 compared to the same period in 2008, our net revenues for the second quarter of 2009 were up by almost 30% from last quarter."

Net revenues for the quarter ended June 30, 2009 were $24.4 million, down 7.2% from $26.3 million in last year's second quarter. The revenue decrease was a result of the overall macroeconomic environment's effect on our customers, which has led to the continued deferral of several significant projects to later in the third and fourth quarters of 2009.

Gross profit for the quarter ended June 30, 2009 was $4.6 million, or 18.8% of net revenues, compared to $7.3 million or 27.7% of net revenues in the second quarter of 2008. Lower gross margins in the comparable periods were the result of project delays in
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SOURCE InfoLogix, Inc.
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