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Sharps Compliance Corp. Announces 20% Growth in Customer Billings for Second Quarter of Fiscal Year 2008
Date:2/4/2008

871,853 14.8%

Hospitality 306,779 191,584 60.1% 670,014 307,917 117.6%

Agriculture 173,694 221,214 (21.5%) 266,998 341,905 (21.9%)

Professional 168,317 138,713 21.3% 339,501 275,052 23.4%

Commercial/

Industrial 160,137 206,220 (22.3%) 276,246 316,854 (12.8%)

Protec 116,253 100,944 15.2% 241,523 218,073 10.8%

Government 85,090 51,308 65.8% 141,151 105,165 34.2%

Other 35,072 59,236 (40.8%) 84,276 80,830 4.3%

Subtotal 3,785,309 3,149,116 20.2% 7,371,561 6,291,445 17.2%

GAAP Adjustment* (34,507) 32,661 (229,647) (118,784)

Revenue

Reported 3,750,802 $3,181,777 17.9% 7,141,914 $6,172,661 15.7%

* Represents the net impact of the revenue recognition adjustments to

arrive at reported GAAP revenue. Customer billings include all

invoiced amounts for products shipped during the period reported. GAAP

revenue includes customer billings as well as numerous adjustments

necessary to reflect, (i) the deferral of a portion of current period

sales and (ii) recognition of certain revenue associated with product

returned for treatment and destruction. The difference between customer

billings and GAAP revenue is reflected in the Company's balance sheet

as deferred revenue.


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SOURCE Sharps Compliance Corp.
Copyright©2008 PR Newswire.
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