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Patient Safety Technologies Reports Second Quarter Results
Date:8/6/2009

------ -- Total liabilities and stockholders' equity $7,808 $7,914 ====== ====== * Derived from audited financial statements for year ended December 31, 2008 PATIENT SAFETY TECHNOLOGIES, INC. CONSOLIDATED STATEMENT OF OPERATIONS (In thousands, except per share data) (unaudited) For the Six For the Quarter Months Ending Ending June 30, June 30, 2009 2008 2009 2008 ---- ---- ---- ---- Revenues $1,028 $557 $1,964 $1,057 Cost of revenue 619 326 1,168 719 --- --- ----- --- Gross profit 409 231 796 338 Operating expenses: Research and development 86 38 199 81 Sales and marketing 553 682 1,202 1,134 General and administrative 1,361 1,687 2,616 2,723 ----- ----- ----- ----- Total operating expenses 2,000 2,407 4,017 3,938 ----- ----- ----- ----- Operating loss (1,591) (2,176) (3,221) (3,600) Other income (expenses): Interest expense (220) (88) (440) (175) Change in fair value of warrant liability (2,155) (168) (3,867) (16
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SOURCE Patient Safety Technologies, Inc.
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