Criticare Systems, Inc. (CMD) Reports Fiscal 2007 Year End and Fourth Quarter Results
10/1/2007 10:39:54 AM
MILWAUKEE--(BUSINESS WIRE)--CRITICARE SYSTEMS, INC. (AMEX:CMD). Criticare Systems Inc. today announced financial results for the fiscal 2007 year ended June 30, 2007 and the quarterly conference call details.
For the fiscal year ended June 30, 2007, the company had net sales of $31,431,810 and net income of $348,027 as compared to net sales of $31,350,919 and net income of $212,118 in fiscal 2006. Operating expenses for fiscal 2007 were $11,817,698 as compared to $12,490,055 for fiscal 2006, a decrease of $672,357. This decrease occurred in spite of the $451,564 of expenses incurred during the year in connection with the two consent solicitation actions initiated by BlueLine Partners and the subsequent settlement of those actions in the third quarter.