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Biostar Pharmaceuticals, Inc. Announces Record Third Quarter 2009 Financial Results
Date:11/12/2009

2009 2008 Sales, net $15,556,345 $7,541,534 $36,249,051 $23,772,567 Cost of sales 3,585,143 3,756,445 9,753,704 10,423,651 Gross profit 11,971,202 3,785,089 26,495,347 13,348,916 Selling, general and administrative expenses 7,857,258 3,126,704 14,608,550 8,553,999 Income from operations 4,113,944 658,385 11,886,797 4,794,917 Other Income (Expense) Interest income 488 841 981 2,362 Interest expense -- (10,463) -- (39,945) Loss on disposal of building -- -- (248,730) -- Foreign exchange loss -- -- (10) -- Total other Income (Expense) 488 (9,622) (247,759) (37,583) Income before income taxes 4,114,432 648,763 11,639,038 4,757,334 Provision for income taxes 988,286 89,580 2,828,683 619,055 Net income $3,126,146 $559,183 $8,810,355 $4,138,279 Net income per common share Basic $0.13 $0.03 $0.38 $0.19 Diluted $0.13 $0.02 $0.37 $0.18 Weighted average common shares outstanding Basic 23,240,899 22,152,311 23,240,899 22,152,311 Diluted 23,720,233 23,240,899 23,720,233 23,240,899 BIOSTAR PHARMACEUTICALS, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) Nine Months Ended September 30, 2009
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