BSD Medical Releases Year-end Results.SALT LAKE CITY -- BSD (Berkeley Software Distribution) The software distribution facility of the Computer Systems Research Group (CSRG) of the University of California at Berkeley. Medical Corp. (AMEX AMEX See: American Stock Exchange :BSM BSM Business Service Management BSM Basic Security Module BSM Best Stations Memory (Pioneer car stereos) BSM Business Systems Modernization BSM Bronze Star Medal BSM Black Student Movement BSM Benilde-St. ), a company seeking FDA FDA abbr. Food and Drug Administration FDA, n.pr See Food and Drug Administration. FDA, n.pr the abbreviation for the Food and Drug Administration. approval for its primary cancer treatment systems, today released highlights from its annual report ending August 31, 2007 that the company has prepared for filing. Revenues for the year were $2,834,386, compared to $2,898,402 for the prior year. Management notes that due to orders received too late in the year for shipment, the order intake was $4,669,845 for the year, making the order intake 65% greater than shipments (revenue). At the close of the fiscal year the company had a sales backlog of $2,018,813. The company's loss before income taxes was $5,213,195 for the year compared to a net income before taxes of $14,458,496 for the prior year. The net income for the prior year was heavily affected by payments totaling $18,016,272 as a portion of the receipts from the sale of TherMatrx, Inc., compared to $202,223 received from the TherMatrx sale during the year being reported. The company's net loss for the year after income tax benefit was $3,348,195, compared to a net income after tax of $9,249,496 for the prior year. Cash and cash equivalents at year-end close were $416,540. Investments were $19,090,118. An income tax refund Tax refund Money back from the government when too much tax has been paid or withheld from a salary. receivable for the year was recorded at $1,759,995. About BSD Medical Corporation BSD Medical is a leading developer of systems designed to provide cancer therapies requiring precision-focused heat through RF/microwave technologies. The company's systems have been designed to kill cancer through heat alone, or as companion therapies to improve the combined results when used along with radiation treatments. For further information, visit BSD Medical's website at www.BSDMedical.com. Statements contained in this press release that are not historical facts are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. , as defined in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. All forward-looking statements are subject to risks and uncertainties detailed in the Company's filings with the Securities and Exchange Commission. |
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