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Versus Technology Announces First Quarter Results
Date:2/27/2008

$1,426,000 $1,133,000

Operating Expenses

Cost of revenues 413,000 440,000

Research and development 177,000 155,000

Sales and marketing 738,000 520,000

General and administrative 245,000 237,000

Total Operating Expenses 1,573,000 1,352,000

Loss From Operations ( 147,000 ) ( 219,000 )

Other Income (Expense)

Interest income 18,000 12,000

Net foreign currency transaction losses ( 1,000 ) ( 5,000 )

Total Other Income (Expense) 17,000 7,000

Net Loss $( 130,000 ) $( 212,000 )

Basic and Diluted Net Loss Per Share $- $-

See accompanying report of management.

VERSUS TECHNOLOGY, INC. AND SUBSIDIARY

Consolidated Statements of Cash Flows

(Unaudited)

Three Months Ended January 31,

2008 2007

Operating Activities

Net loss $( 130,000 ) $( 212,000 )

Adjustments to reconcile net loss to net

cash provided by (used in) operating

activities:

Depreciation 9,000 8,000

Amortization of intangibles - 41,000

Non-cash equity based compensation 26,000 28,000

Changes in operating assets and liabilities:

Accounts receivable ( 35,000 ) 671,000

Inventories
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SOURCE Versus Technology, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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