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Hypertension Diagnostics Announces FY 2007 Third Quarter Results ST. PAUL, MN – May 14, 2006 – Hypertension Diagnostics, Inc. (OTC: HDII.OB), today announced financial results for the third quarter of fiscal year 2007 ended March 31, 2007. Revenue for the quarter totaled $469,151 compared to $571,988 in the prior year’s third quarter ended March 31, 2006, an 18% decrease. The Company incurred a net loss of $76,948 for the current quarter or $(.00) per share compared with a net loss of $276,031 for the prior year’s quarter or $(.01) per share. Included in the net loss of $76,948 for the quarter are total non-cash charges (expenses associated mainly with stock compensation, depreciation, stock options) of $108,713. The Company reported a cash balance of $1,431,380 on March 31, 2007. For the nine month period ended March 31, 2007, total revenue was $1,440,359, compared to $1,494,010 for the same period one year ago, a 3.6% decrease. For the nine month period ended March 31, 2007, the Company incurred a net loss of $490,433, or $(.01) per share, compared with a net loss of $897,175, or $(.03) per share, for the same period one year ago.
“We are pleased with our efforts to decrease
expenses which is bringing us close to break-even cash flow,” said Mark
N. Schwartz, Chairman and CEO. |
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Forward-looking statements in this press release are made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The Company wishes to caution readers not to place undue reliance on any forward-looking statements and to recognize that the statements are not a prediction of actual future results. Actual results could differ materially from those presented and anticipated in the forward-looking statements due to the risks and uncertainties set forth in the Company’s 2006 Annual Report on Form 10-KSB, and subsequent Quarterly Reports on 10-QSB, all of which were filed with the U.S. Securities and Exchange Commission, as well as others not now anticipated.
CVProfilor is a registered trademark of Hypertension Diagnostics, Inc. Hypertension Diagnostics, HDI/PulseWave, PulseWave and CVProfile are trademarks of Hypertension Diagnostics, Inc. All rights reserved.
Website: www.HDII.com Return to the Main HDI Newsroom 
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Copyright © 2007 Hypertension Diagnostics, Inc |
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