Mesa Labs Reports Record Year End Sales an...(nd Exchange Commission and from time to ...),Health

FINANCIAL SUMMARY

STATEMENT OF EARNINGS (Unaudited)

Quarter Ended Twelve Months Ended

March 31 March 31

2008 2007 2008 2007

Net Sales $5,790,000 $5,286,000 $19,558,000 $17,242,000

Cost of Goods 2,206,000 1,920,000 6,700,000 6,347,000

Gross Profit 3,584,000 3,366,000 12,858,000 10,895,000

Operating Expense 1,647,000 1,561,000 5,797,000 5,236,000

Operating Income 1,937,000 1,805,000 7,061,000 5,659,000

Other (Income) &

Expense (45,000) (25,000) (195,000) (130,000)

Earnings Before

Taxes 1,982,000 1,830,000 7,256,000 5,789,000

Income Taxes 787,000 392,000 2,646,000 1,831,000

Net Income $1,195,000 $1,438,000 $4,610,000 $3,958,000

Earnings Per Share

(Basic) $.38 $.45 $1.46 $1.25

Earnings per Share

(Diluted) $.36 $.44 $1.41 $1.22

Average Shares

(Basic) 3,166,000 3,179,000 3,168,000 3,156,000

Average Shares

(Diluted) 3,279,000 3,279,000 3,281,000 3,234,000

BALANCE SHEETS (Unaudited)

March 31 March 31

2008 2007

Cash and Short-term Investments $5,770,000 $3,346,000

Other Current Assets 8,641,000 7,496,000

Total Current Assets 14,411,000
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