Allied Healthcare Products Inc. Announces Earnings Results for the Third Quarter and Nine Months Ended March 31, 2016
May 13, 2016 at 11:25 pm
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Allied Healthcare Products Inc. announced earnings results for the third quarter and nine months ended March 31, 2016. For the quarter, the company announced net sales of $8.8 million, up $0.3 million from net sales of $8.5 million in the prior year same quarter resulting from higher customer releases for shipments. Domestic sales were up 2.7% while international sales, which represented 21.3% of third quarter sales, were up 8.8% from the prior year same quarter. Loss from operations was $784,466 compared to $503,292 for the three months ended March 31, 2015. Loss before benefit from income taxes in the third quarter of fiscal 2016 of $784,466 compared to $503,292. Net loss was $784,466 or $0.10 per basic and diluted share compared to $503,292 or $0.06 per basic and diluted share for the third quarter of fiscal 2015.
For the nine months, the company announced net sales of $26.1 million, down $0.2 million, or 0.1% from net sales of $26.3 million in the prior year same period. Domestic sales were up 1.9% from the prior year same period while international sales were down 8.8% from the prior year same period. Loss from operations was $2.1 million compared to $1.2 million for the nine months ended March 31, 2015. Loss before benefit from income taxes in the first nine months of fiscal 2016 of $2.1 million, compared to $1.3 million. Net loss was $2,022,788 or $0.25 per basic and diluted share compared to $1,256,216 or $0.16 per basic and diluted share for the first nine months of fiscal 2015.
Allied Healthcare Products, Inc. manufactures a variety of respiratory products used in the health care industry in a range of hospital and alternate site settings, including sub-acute care facilities, home health care and emergency medical care. The Companyâs product lines include respiratory care products, medical gas equipment and emergency medical products. Its suction regulators and aspirators include Chemetron Vacuum Traps, Disposable Collection Canisters, Gomco Suction Equipment, Gomco OptiVac AC/DC Portable Suction Unit, Gomco 305 Aspirator, Gomco Tabletop Aspirator Model 300, Gomco General Use Aspirators Models 3020 & 3040, and Gomco Uterine Aspirators Models 3930 & 4072. Its ventilators include AHP300 Transport Ventilator, EPV100/EPV200 Emergency Preparedness Ventilators, LSP AutoVent 2000/3000 Transport Ventilator, and LSP AutoVent 4000 Transport Ventilator. Its emergency medical products are used in the treatment of trauma-induced injuries.