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Sharps Compliance Corp. Reports Second Quarter Fiscal 2009 Results
Date:2/10/2009

----- Subtotal 7,903,753 100.0% 7,371,561 7.2% GAAP Adjustment * (264,571) (229,647) 15.2% -------- -------- ---- Revenue Reported 7,639,182 7,141,914 7.0% ========= ========= === * 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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