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Hypertension Diagnostics
Announces Fiscal Year 2009 Results ST. PAUL, MN – September 18, 2009 – Hypertension Diagnostics, Inc. (OTC: HDII.OB), today announced audited financial results for the fiscal year ended June 30, 2009.
Revenue for fiscal year 2009 totaled $503,175 compared to $554,454 in
the prior year ended June 30, 2008, which represents a 9.2% decrease.
The Company incurred a net loss of $248,440 for fiscal year 2009 or
$(.01) per share, compared with a net loss of $703,837 for fiscal year
2008, or $(.02) per share. Included in the net loss for fiscal year 2009
are total non-cash benefits (mainly deferred stock compensation,
depreciation, stock options) of $125,102. Included in the net loss for
fiscal year 2008 are total non-cash charges of $187,078. The benefit for
the twelve month period ended June 30, 2009 is a result of the decrease
in the Company’s stock price, which caused the non-cash deferred
compensation expense to become a non-cash benefit. The Company reported
a cash balance on June 30, 2009 of $697,918. |
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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 2009 Annual Report on Form 10-K, and subsequent
Quarterly Reports on Form 10-Q, 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 © 2010 Hypertension Diagnostics, Inc |
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