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PLC Systems Reports Second Quarter 2008 Results
Date:8/6/2008

Three Months Ended Six Months Ended

June 30, June 30,

2008 2007 2008 2007

Revenues:

Product sales $1,032 $1,520 $1,838 $2,654

Service fees 278 412 640 771

Total revenues 1,310 1,932 2,478 3,425

Cost of revenues:

Product sales 423 562 643 1,148

Service fees 150 213 335 421

Total cost of revenues 573 775 978 1,569

Gross profit 737 1,157 1,500 1,856

Operating expenses:

Selling, general and 831 1,076 1,801 2,089

administrative

Research and development 602 556 1,210 1,047

Total operating expenses 1,433 1,632 3,011 3,136

Loss from operations (696) (475) (1,511) (1,280)

Other income, net 25 112 78 231

Net loss $(671) $(363) $(1,433) $(1,049)

Basic and diluted loss per

share $(0.02) $(0.01) $(0.05) $(0.03)

Average shares outstanding:

Basic and diluted 30,330 30,311 30,330 30,311

CONDENSED BALANCE SHEET

June 30, December 31,

2008 2007

Cash and cash equivalents $5,506 $8,060

Total current assets 8,376 10,733

Total assets 8,784 11,200

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SOURCE PLC Systems Inc.
Copyright©2008 PR Newswire.
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