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Sharps Compliance Corp. Announces Results for Third Quarter of Fiscal Year 2008
Date:5/15/2008

360 12,231,333 10,918,402

Diluted 12,478,315 13,395,644 13,515,878 11,971,720

SHARPS COMPLIANCE CORP. AND SUBSIDIARIES

Condensed Consolidated Balance Sheet

3/31/2008 6/30/2007

(Unaudited)

ASSETS:

Current assets:

Cash and cash equivalents $2,212,359 $2,134,152

Restricted cash 10,010 10,010

Accounts receivable, net 1,261,729 1,330,731

Inventory 529,995 364,005

Prepaid and other assets 206,947 186,101

Total current assets 4,221,040 4,024,999

Property and equipment, net 1,206,300 590,567

Intangible assets, net 125,570 75,002

Total assets $5,552,910 $4,690,568

LIABILITIES AND STOCKHOLDERS' EQUITY:

Current liabilities:

Accounts payable $490,449 $557,302

Accrued liabilities 222,451 613,851

Current portion of deferred revenue 1,040,338 883,678

Current maturities of capital lease

obligations - 1,809

Total current liabilities 1,753,238 2,056,640

Long-term deferred revenue 524,462 392,803

Other - 72,000

Total liabilities 2,277,700 2,521,443

Stockholders' Equity:

Total stockholders' equity 3,275,210 2,169,125

Total liabiliti
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SOURCE Sharps Compliance Corp.
Copyright©2008 PR Newswire.
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