FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Home Diagnostics, Inc. (Nasdaq:HDIX), a leading manufacturer and marketer of diabetes testing supplies, today announced financial results for the first quarter ended March 31, 2009. Total revenue for the first quarter was $24.6 million, a decrease of 2.1% from $25.1 million in the first quarter of 2008. Retail channel sales were up 25.2%, driven by the continued nationwide rollout of the TRUEresult and TRUE2go blood glucose monitoring systems and the rollout of TRUEtrack at Walmart. Mail service channel sales increased 21.8%, driven by continued success of the private label, no-coding blood glucose monitoring system recently launched with Liberty Medical. Distribution channel sales decreased 19.0% as a result of reductions in inventory days supply by some of the Company’s wholesale distribution customers. International sales decreased 32.0%, driven primarily by reduced sales to a distributor in Latin America.
