FINANCIAL SUMMARY
STATEMENT OF EARNINGS (Unaudited)
Quarter Ended Six Months Ended
September 30 September 30
2007 2006 2007 2006
Net Sales $4,868,000 $4,186,000 $9,154,000 $7,860,000
Cost of Goods 1,583,000 1,506,000 2,968,000 2,793,000
Gross Profit 3,285,000 2,680,000 6,186,000 5,067,000
Operating Expense 1,363,000 1,281,000 2,750,000 2,473,000
Operating Income 1,922,000 1,399,000 3,436,000 2,594,000
Other (Income) &
Expense (49,000) (29,000) (96,000) (69,000)
Earnings Before Taxes 1,971,000 1,428,000 3,532,000 2,663,000
Income Taxes 692,000 516,000 1,238,000 961,000
Net Income $1,279,000 $912,000 $2,294,000 $1,702,000
Earnings Per Share
(Basic) $.40 $.29 $.72 $.54
Earnings Per Share
(Diluted) $.39 $.28 $.70 $.53
Average Shares
(Basic) 3,169,000 3,174,000 3,170,000 3,154,000
Average Shares
(Diluted) 3,288,000 3,260,000 3,289,000 3,229,000
BALANCE SHEETS (Unaudited)
Sept. 30 March 31
2007 2007
Cash and Short-term
Investments $4,722,000 $3,346,000
Other Current Assets 7,364,000 7,496,000
Total Current Assets 12,086,000 10,842,000
Property and Equipment 3,484,000
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