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Recession Leads to Sales Decline and Loss for Allied Healthcare Products in Fiscal 2010
Date:8/30/2010

orward-looking statements."  Words such as "believe," "expect," "intend," "will," "should," and other expressions that indicate future events and trends identify such forward-looking statements. These forward-looking statements involve risks and uncertainties that could cause the outcome and future results of operations and financial condition to be materially different than stated or anticipated based on the forward-looking statements. Such risks and uncertainties include both general economic risks and uncertainties, risks and uncertainties affecting the demand for and economic factors affecting the delivery of health care services, and specific matters which relate directly to the Company's operations and properties as discussed in its periodic filings with the Securities and Exchange Commission. The Company cautions that any forward-looking statement contained in this report reflects only the belief of the Company or its management at the time the statement was made. Although the Company believes such forward-looking statements are based upon reasonable assumptions, such assumptions may ultimately prove inaccurate or incomplete. The Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement was made.ALLIED HEALTHCARE PRODUCTS, INC.CONSOLIDATED STATEMENT OF OPERATIONS(UNAUDITED)Three months ended,Twelve months ended,June 30,June 30,2010200920102009Net sales

$11,668,246$12,710,683$46,034,248$52,072,676Cost of sales

8,772,0069,595,50234,944,71440,273,089Gross profit

2,896,2403,115,18111,089,53411,799,587Selling General and administrative expenses

2,674,2233,259,50011,871,75813,041,564Impairment of goodwill

-15,979,830-15,979,830Income (loss) from operations

222,017(16,124,149)(782,224)(17,221,807)Interest income

(5,764)(11,971)(10,168)(60,277)Interest expense

1,505-4,269-Other, net

13,59913,479117,18950,0629,3401
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SOURCE Allied Healthcare Products, Inc.
Copyright©2010 PR Newswire.
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