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Versus Technology Announces First Quarter Results
Date:3/6/2009

000 Operating Expenses Cost of revenues 391,000 413,000 Research and development 164,000 177,000 Sales and marketing 766,000 738,000 General and administrative 260,000 245,000 Total Operating Expenses 1,581,000 1,573,000 Income (Loss) From Operations 32,000 (147,000) Other Income (Expense) Interest income 5,000 18,000 Net foreign currency transaction losses - (1,000) Total Other Income (Expense) 5,000 17,000 Net Income (Loss) $37,000 $(130,000) Basic and Diluted Net Income Per Share $- $- See accompanying report of management. VERSUS TECHNOLOGY, INC. AND SUBSIDIARY Consolidated Statements of Cash Flows (Unaudited) Three Months Ended January 31, 2009 2008 Operating Activities Net income (loss) $37,000 $(130,000) Adjustments to reconcile net loss to net cash provided by (used in) operating activities: Depreciation 16,000 9,000 Amortization of intangibles - - Non-cash equity based compensation 26,000 26,000 Changes in operating assets and liabilities: Accounts receivable 164,000 (35,000) Inventories 57,000 9,000 Prepaid expenses and other current assets
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SOURCE Versus Technology, Inc.
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