[SHPI.OB] SPECIALIZED HEALTH > 0.84 +0.05 ( +6.33%) Open > 0.79 Volume > 178996
Wednesday November 7, 4:02 pm ET
BOUNTIFUL, Utah--(BUSINESS WIRE)--Specialized Health Products International, Inc.,, a leading developer and marketer of proprietary safety medical products, today announced financial results for the three and nine month periods ended September 30.
* Revenue increased 23% to $5.1 million in Q3-2007, compared to $4.1 million in Q3-2006;
* Gross profit margin increased to 66% in Q3-2007, compared to a gross profit margin of 65% in Q3-2006;
* Net income increased 92% to $1.1 million in Q3-2007, from $557,000 in Q3-2006;
* Cash, cash equivalents, and available-for-sale securities totaled $8.3 million at September 30, 2007, representing a quarter-on-quarter increase of $1.3 million from June 30, 2007.
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