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Allied Healthcare Products Reports Second Quarter Loss
Date:2/11/2013

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,Six months ended,December 31,December 31,2012201120122011Net sales

$9,921,422$10,681,395$19,208,513$22,076,403Cost of sales

7,815,4897,946,45815,123,60516,935,449Gross profit

2,105,9332,734,9374,084,9085,140,954Selling General and administrative expenses

2,857,0652,693,8945,495,6405,327,983Income (loss) from operations

(751,132)41,043(1,410,732)(187,029)Interest income

(2,821)(7,297)(7,047)(16,292)Interest expense

--0336Other, net

7,64511,74315,22626,1494,8244,4468,17910,193Income (loss) before provision for(benefit from) income taxes

(755,956)36,597(1,418,911)(197,222)Provision for (benefit from) income taxes

(287,263)13,907(539,186)(74,944)Net income (loss)

($468,693)$22,690($879,725)($122,278)Net income (loss) per share - Basic 

($0.06)$0.00($0.11)($0.02)Net income (loss) per share - Diluted

($0.06)$0.00($0.11)($0.02)Weighted average common shares outstanding - Basic

8,100,5938,124,3868,112,4908,124,386Weighted average common shares outstanding - Diluted

8,100,5938,124,8348,112,4908,124,386ALLIED HEALTHCARE PRODUCTS, INC.BALANCE SHEET(UNAUDITED)December 31, 2012June 30, 2012ASSETSCurrent assets:Cash and cash equivalents

$
4,586,331$
5,284,543Accounts receivable, net of allowances  of $300,000

3,551,5874,843,593Inventories, net

10,049,58410,001,226Income tax receivable

583,70646,042Other current assets

590,082400,677Total current assets

19,361,29020,576,081Property, plant and equipment, net

9,628,9359,603,556Other assets, net

1,137,9081,167,432Total assets

$
30,128,133$
31,347,069LIABILITIES AND STOCKHOLDERS' EQUITYCurrent liabilities:Accounts payable

$
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SOURCE Allied Healthcare Products
Copyright©2012 PR Newswire.
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