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Vasomedical Announces Financial Results for the Third Quarter of 2012
Date:11/20/2012

ned subsidiaries: VasoSolutions, Vasomedical Global and VasoHealthcare. VasoSolutions manages and coordinates the design, manufacture and sales of EECP® Therapy systems, and other medical equipment operations; Vasomedical Global operates the Company's China-based subsidiaries; and VasoHealthcare is the operating subsidiary for the exclusive sales representation of GE Healthcare diagnostic imaging products in certain markets. Additional information is available on the Company's website at www.vasomedical.com. Summarized Financial InformationFOR THE THREE MONTHS ENDEDFOR THE NINE MONTHS ENDEDSTATEMENTS OF OPERATIONSSeptember 30, 2012September 30, 2011September 30, 2012September 30, 2011(In thousands except per share amounts)Revenue

$
5,722

$
,530$
9,462

$
,549Gross profit

$
4,063

$
4,719$
3,774

$
,462Operating (loss) income

$
(2,659)

$
26$
(3,885)

$
(1,417)Other income (expense), net

$
97

$
43$
51

$
3(Loss) income before taxes

$
(2,562)

$
9$
(3,734)

$
(1,354)Income tax benefit (expense)

$
44

$
(5)$
(72)

$
(4)Net (loss) income 

$
(2,518)

$
4$
(3,806)

$
(1,358)Preferred stock dividends

$
-

$
(1,180)$
-

$
(1,459)Net (loss) income applicable to common stockholders

$
(2,518)

$
(1,116)$
(3,806)

$
(2,817)BALANCE SHEETSSeptember 30, 2012December 31, 2011(In thousands)Total current assets

$
23,856

$
28,500Total assets

$
29,509

$
34,335Total current liabilities

$
,125

$
7,175Total stockholders' equity

$
8,361

$
,276Except for historical information contai
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SOURCE Vasomedical, Inc.
Copyright©2012 PR Newswire.
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