Criticare Systems, Inc. Reports Results for the First Quarter of Fiscal 2007.MILWAUKEE -- CRITICARE SYSTEMS, INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . (AMEX AMEX See: American Stock Exchange :CMD CMD cerebromacular degeneration. ). Criticare Systems Inc. today announced financial results for the first quarter of fiscal 2007 ended September 30, 2006. The Company reported net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight of $8,206,595 for the three months ended September 30, 2006, compared to $7,672,313 for the same period in fiscal 2006. The Company also reported net income of $332,876, or $0.03 per diluted share, for the first quarter of fiscal 2007, compared with net income of $137,378, or $0.01 per diluted share, for the same period in fiscal 2006. Share based compensation expense total $29,467 for the first quarter of fiscal 2007. Net sales recorded for domestic sales activity increased by $1,177,932 over the same period last year. This was partially offset by a decrease in International sales of $514,992. However, actual International bookings for this period were slightly higher than the same period last year but resulted in a backlog due to credit holds. Gross margin percentage was 38.0% for the three months ended September 30, 2006, compared to 38.2% for the same period last year. The differences in margins were due to small variations in the product mix. Total operating expenses Operating expenses The amount paid for asset maintenance or the cost of doing business, excluding depreciation. Earnings are distributed after operating expenses are deducted. for the three months ended September 30, 2006 decreased $83,600 from the same period in fiscal 2006. Domestic sales and marketing expenses decreased with a major portion due to the fact that the annual Oral Surgery convention was held in the second quarter of fiscal 2007. Additionally certain expenses associated with International operations also decreased. Administrative expenses increased by $91,481 mainly due to $91,540 of expenses incurred in connection with the BlueLine blue·line or blue line n. Either of two blue lines running across an ice-hockey rink, usually 60 feet from each goal, and dividing the rink into defensive, neutral, and offensive zones. consent solicitation Consent Solicitation A solicitation by one party to the stakeholders of a particular security for the consent of a material change. Notes: Should the majority of stakeholders provide valid consent prior to the consent expiry date, the issuer may then follow through with . The Company continues to experience net sales growth in Acute Care, OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and and Latin America. Criticare also remains the dominant monitoring company in the Oral Surgery market as evidenced by a record sales showing in the October Oral and Maxillofacial Surgery Oral and Maxillofacial Surgery is surgery to correct a wide spectrum of diseases, injuries and defects in the head, neck, face, jaws and the hard and soft tissues of the oral and maxillofacial region. It is a recognized international surgical specialty.
2. MRI - Measurement Requirements and Interface. application based on its existing technology in this environment. Time to market and expected return Expected Return The average of a probability distribution of possible returns, calculated by using the following formula: are the key factors influencing any decision to move ahead. Management and the Criticare Board of Directors are currently reviewing the merits of several specific strategic options beyond the Company's current initiatives. The objective is to determine if there is an opportunity to further enhance the growth rate of the Company and stimulate shareholder value. This is a high priority that may require external resources. Criticare will hold a quarterly conference call on Wednesday, November 15, 2006 at 10:00 am central standard time to discuss the first quarter results of fiscal 2007. The call can be accessed by dialing 1-877-407-0782. Criticare (www.csiusa.com) designs, manufactures, and markets cost-effective patient monitoring systems and noninvasive sensors for a wide range of hospitals and alternate health care environments throughout the world. This press release contains forward-looking statements. Such statements refer to the Company's beliefs and expectations. Forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those described. Such uncertainties include, but are not limited to, the timely completion of new products, regulatory approvals for new products, the risk of new and better technologies, risks relating to international markets, as well as general conditions and competition in the Company's markets. Criticare does not believe its backlog of any date is indicative of its future sales. Other risks are set forth in Criticare's reports and documents filed from time to time with the Securities and Exchange Commission. [TABLE OMITTED] [TABLE OMITTED] |
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