TRIMEDYNE INC
SymbolTMED

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Trimedyne Reports Its Financial Results for the Quarter and Nine Months Ended June 30, 2009

2009-08-17 09:30 ET - News Release

LAKE FOREST, CA -- (MARKET WIRE) -- 08/17/09

TRIMEDYNE, INC. (OTCBB: TMED) today reported its financial results for the quarter and nine month period ended June 30, 2009.

Revenues for the current quarter were $2,068,000, an increase of 49% over revenues of $1,385,000 for the prior year's quarter. The $683,000 increase in revenues was due to higher revenues from sales of fiber optic devices, lasers, field service and rentals. The gross profit margin in the current quarter was 40% of revenues, compared to 27% for the prior year quarter. The Company had a net loss of $82,000 or $0.00 per share for the current quarter, an 86% reduction from the loss of $585,000 or $0.03 per share for the prior year quarter.

For the nine months ending June 30, 2009, revenues were $5,310,000, a 30% increase over revenues of $4,090,000 in the prior year period, and the Company's net loss for this period was $872,000 or $0.05 per Share, a 30% reduction from the net loss of $1,254,000 or $0.07 per Share for the prior year period.

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