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Allied Healthcare Products Reports Loss On Sales Decline
Date:9/27/2013

o update any forward-looking statement to reflect events or circumstances after the date on which the statement was made.

 ALLIED HEALTHCARE PRODUCTS, INC.STATEMENT OF OPERATIONS(UNAUDITED)Three months ended,Twelve months ended,June 30,June 30,2013201220132012Net sales

$10,132,892$10,666,797$38,551,774$43,445,621Cost of sales

7,655,0638,171,75630,309,48433,484,512Gross profit

2,477,8292,495,0418,242,2909,961,109Selling General and administrative expenses

2,600,1912,727,22710,735,80610,610,858Loss from operations

(122,362)(232,186)(2,493,516)(649,749)Interest income

(2,458)(5,384)(12,006)(27,368)Interest expense

---336Other, net

7,86511,183(484,699)47,6295,4075,799(496,705)20,597Loss before provision forbenefit from income taxes

(127,769)(237,985)(1,996,811)(670,346)Benefit from income taxes

(29,802)(81,623)(740,038)(245,920)Net loss

($97,967)($156,362)($1,256,773)($424,426)Net loss per share - Basic 

($0.01)($0.02)($0.16)($0.05)Net loss per share - Diluted

($0.01)($0.02)($0.16)($0.05)Weighted average common shares outstanding - Basic

8,027,1478,124,3868,070,6458,124,386Weighted average common shares outstanding - Diluted

8,027,1478,124,3868,070,6458,124,386 ALLIED HEALTHCARE PRODUCTS, INC.BALANCE SHEET(UNAUDITED)June 30, 2013June 30, 2012ASSETSCurrent assets:Cash and cash equivalents

$
3,687,919$
5,284,543Accounts receivable, net of allowances  of $170,000

4,221,9704,973,593Inventories, net

9,338,34310,001,226Income tax receivable

36,76646,042Other current assets

420,978400,677Total current assets

17,705,97620,706,081Property, plant and equipment, net

9,722,3449,603,556Deferred income taxes

1,667,699867,422Other assets, net

242,712300,010Total assets

$
29,338,731$
31,477,069LIABILITIES AND STOCKHOLDERS' EQU
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SOURCE Allied Healthcare Products
Copyright©2012 PR Newswire.
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