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Allied Healthcare Products Reports Loss On Depressed Sales
Date:5/10/2013

er the date on which the statement was made.

 ALLIED HEALTHCARE PRODUCTS, INC.STATEMENT OF OPERATIONS(UNAUDITED)Three months ended,Nine months ended,March 31,March 31,2013201220132012Net sales

$9,210,369$10,702,421$28,418,882$32,778,824Cost of sales

7,530,8168,377,30722,654,42125,312,756Gross profit

1,679,5532,325,1145,764,4617,466,068Selling General and administrative expenses

2,639,9762,555,6498,135,6167,883,631Income (loss) from operations

(960,423)(230,535)(2,371,155)(417,563)Interest income

(2,500)(5,692)(9,547)(21,984)Interest expense

---336Other, net

(507,792)10,297(492,566)36,446(510,292)4,605(502,113)14,798Income (loss) before provision for(benefit from) income taxes

(450,131)(235,140)(1,869,042)(432,361)Provision for (benefit from) income taxes

(171,050)(89,353)(710,236)(164,297)Net income (loss)

($279,081)($145,787)($1,158,806)($268,064)Net income (loss) per share - Basic 

($0.03)($0.02)($0.14)($0.03)Net income (loss) per share - Diluted

($0.03)($0.02)($0.14)($0.03)Weighted average common shares outstanding - Basic

8,029,0768,124,3868,085,0918,124,386Weighted average common shares outstanding - Diluted

8,029,0768,124,3868,085,0918,124,386 ALLIED HEALTHCARE PRODUCTS, INC.BALANCE SHEET(UNAUDITED)March 31, 2013June 30, 2012ASSETSCurrent assets:Cash and cash equivalents

$
4,327,408$
5,284,543Accounts receivable, net of allowances  of $300,000

3,434,7144,843,593Inventories, net

9,725,28410,001,226Income tax receivable

-46,042Other current assets

500,360400,677Total current assets

17,987,76620,576,081Property, plant and equipment, net

9,552,0159,603,556Deferred income taxes

1,611,490867,422Other assets, net

256,599300,010Total assets

$
29,407,870$
31,347,069LIABILITIES AND STOCKHOLDERS' EQUITYCurrent l
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SOURCE Allied Healthcare Products, Inc.
Copyright©2012 PR Newswire.
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