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ThermoGenesis Reports First Quarter 2009 Results


Current liabilities:

Accounts payable $2,631,000 $4,186,000

Other current liabilities 2,936,000 2,589,000

Total current liabilities 5,567,000 6,775,000

Long-term liabilities 812,000 982,000

Stockholders' equity 27,969,000 30,525,000

$34,348,000 $38,282,000

ThermoGenesis Corp.

Condensed Consolidated Statements of Operations (Unaudited)

Three Months Ended

September 30,

2008 2007

Product and other revenues $4,502,000 $3,632,000

Cost of product and other revenues 3,222,000 2,423,000

Gross profit 1,280,000 1,209,000


Selling, general and administrative 2,447,000 2,420,000

Research and development 1,600,000 1,496,000

Total operating expenses 4,047,000 3,916,000

Interest and other income, net 88,000 407,000

Net loss ($2,679,000) ($2,300,000)

Per share data:

Basic and diluted net loss per common

share ($0.05) ($0.04)

Shares used in computing per share data 56,027,960 55,659,508

ThermoGenesis Corp.

Condensed Consolidated Statements of Cash Flows (Unaudited)

Three Months Ended,


SOURCE ThermoGenesis Corp.
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