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MGC Diagnostics Corporation Reports 2013 First Fiscal Quarter Operating Results
Date:3/5/2013

forward-looking statements are subject to a number of factors, risks and uncertainties, including those disclosed in our periodic filings with the SEC, that could cause actual performance, activities or plans after the date the statements are made to differ significantly from those indicated in the forward-looking statements. For a list of these factors¸ see the sections entitled "Risk Factors" and "Cautionary Note Regarding Forward Looking Statements," in the Company's Form 10-K for the year ended October 31, 2012, and any updates in subsequent filings on Form 10-Q or Form 8-K under the Securities Exchange Act of 1934.Contact:

Wesley W. Winnekins 

Joe Dorame, Robert Blum, Joe DiazMGC Diagnostics Corporation 

Lytham Partners, LLCChief Financial Officer 

(602) 889-9700(651) 484-4874 

mgcd@lythampartners.com(Financial Tables to Follow)

 MGC DIAGNOSTICS CORPORATION AND SUBSIDIARYConsolidated Balance Sheets(In thousands, except share and per share data) January 31,  October 31, 20132012Assets(Unaudited)Current Assets:Cash and cash equivalents$
8,922$
9,665Accounts receivable, net of allowance for doubtful accounts of $105 and $98, respectively6,0295,860Inventories, net of obsolescence reserve of $394 and $373, respectively4,0363,850Prepaid expenses and other current assets298418Total current assets19,28519,793Property and equipment, net of accumulated depreciation of $3,925 and $3,876, respectively 753578Intangible assets, net1,7711,492Other non-current assets8585Total Assets$
21,894$
21,948Liabilities and Shareholders' EquityCurrent Liabilities:Accounts payable $
2,006$
2,094Employee compensation1,4931,749Deferred income1,9941,927Warranty reserve8491Other current liabilities and accrued expenses509442Total current liabilities6,0866,303Long-term liabilities:Long-term deferred income and other1,300895Total Liabil
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