Mindray Announces Third Quarter 2009 Financi...(The medical imaging systems segment cont...),Health

Others: Other revenues, which are primarily comprised of service fees charged for post warranty period repair services, declined 4.2% to $9.7 million from $10.1 million in the third quarter of 2008. Other revenues contributed 6.4% to total net revenues in the third quarter of 2009.

The segment revenue amounts discussed above include shipping and handling fees charged to customers.

Gross Margins

Third quarter 2009 gross profit was $85.5 million, a 7.7% increase from $79.4 million in the third quarter of 2008. Third quarter 2009 non-GAAP gross profit was $87.2 million, a 4.3% increase from $83.6 million in the third quarter of 2008. Third quarter 2009 gross margin was 56.6% compared to 54.2% in the third quarter of 2008 and 57.2% in the second quarter of 2009. Non-GAAP gross margin was 57.7% in the third quarter of 2009 compared to 57.0% in the third quarter of 2008 and 58.3% in the second quarter of 2009.

Operating Expenses

Selling expenses for the third quarter of 2009 were $24.8 million, or 16.4% of total net revenues, compared to 15.0% in the third quarter of 2008 and 16.5% in the second quarter of 2009. Non-GAAP selling expenses for the third quarter of 2009 were $23.3 million, or 15.4% of total net revenues, compared to 14.4% in the third quarter of 2008 and 15.5% in the second quarter of 2009.

General and administrative expenses for the third quarter of 2009 were $11.3 million, or 7.5% of total net revenues, compared to 8.6% in the third quarter of 2008 and 7.1% in the second quarter of 2009. Non-GAAP general and administrative expenses for the third quarter of 2009 were $10.5 million, or 6.9% of the total net revenues, compared to 8.1% in the third quarter of 2008 and 6.7% in the second quarter of 2009.

Research and development
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