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

2.5%

Commercial 413,044 4.0% 417,736 (1.1%)

ProTec 348,443 3.4% 311,497 11.9%

Agriculture 363,846 3.5% 439,978 (17.3%)

Retail 1,044,502 10.1% 921,265 13.4%

Other 107,136 1.0% 103,888 3.1%

Government 158,910 1.5% 148,324 7.1%

Subtotal 10,379,203 100.0% 9,289,151 11.7%

GAAP Adjustment * (309,589) (222,839) 38.9%

Revenue Reported 10,069,614 9,066,312 11.1%

* 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.
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