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PLC Systems Reports Second Quarter 2009 Results; Announces Timing for Release of Preliminary Data From Italian Study of RenalGuard
Date:8/10/2009

(In thousands, except per share data) Three Months Ended Six Months Ended June 30, June 30, 2009 2008 2009 2008 Revenues: Product sales $864 $1,032 $2,123 $1,838 Service fees 356 278 664 640 Total revenues 1,220 1,310 2,787 2,478 Cost of revenues: Product sales 337 423 748 643 Service fees 126 150 327 335 Total cost of revenues 463 573 1,075 978 Gross profit 757 737 1,712 1,500 Operating expenses: Selling, general and administrative 880 831 1,965 1,801 Research and development 185 602 414 1,210 Total operating expenses 1,065 1,433 2,379 3,011 Loss from operations (308) (696) (667) (1,511) Other income, net 1 25 2 78 Net loss (307) $(671) $(665) $(1,433) Basic and diluted loss per share $(0.01) $(0.02) $(0.02) $(0.05) Weighted average shares outstanding: Basic and diluted 30,351 30,330 30,351 30,330 CONDENSED BALANCE SHEET June 30, December 31, 2009 2008 Cash and cash equivalents $3,550 $5,026 Total current assets 5,999 7,562 Total assets 6,298 7,913 Total cur
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