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Vasomedical Announces Financial Results for the First Quarter of 2013
Date:5/15/2013

com.
Summarized Financial InformationFOR THE THREE MONTHS ENDEDSTATEMENTS OF OPERATIONSMarch 31, 2013March 31, 2012(In thousands)Revenue

$
7,293

$
,043Gross profit

$
5,062

$
4,181Operating loss

$
(682)

$
(1,301)Other income (expense), net

$
38

$
(18)Loss before taxes

$
(644)

$
(1,319)Income tax expense

$
(8)

$
(25)Net loss

$
(652)

$
(1,344)BALANCE SHEETSMarch 31, 2013December 31, 2012(In thousands)Cash and cash equivalents

$
2,899

$
,469Total current assets

$
22,669

$
25,716Total assets

$
28,801

$
32,381Total current liabilities

$
,447

$
8,178Total stockholders' equity

$
8,427

$
9,010Except for historical information contained in this release, the matters discussed are forward-looking statements that involve risks and uncertainties. When used in this release, words such as "anticipates", "believes", "could", "estimates", "expects", "may", "plans", "potential" and "intends" and similar expressions, as they relate to the Company or its management, identify forward-looking statements. Such forward-looking statements are based on the beliefs of the Company's management, as well as assumptions made by and information currently available to the Company's management. Among the factors that could cause actual results to differ materially are the following: the effect of business and economic conditions; the effect of the dramatic changes taking place in the healthcare environment; the impact of competitive procedures and products and their pricing; medical insurance reimbursement policies; unexpected manufacturing or supplier problems; unforeseen difficulties and delays in the conduct of clinical trials and other product development programs; the actions of regulatory authorities a
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SOURCE Vasomedical, Inc.
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