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Quotes & Info
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| AHPI > SEC Filings for AHPI > Form 8-K on 25-Sep-2009 | All Recent SEC Filings |
25-Sep-2009
Results of Operations and Financial Condition, Regulation FD Discl
On September 25, 2009, Allied Healthcare Products, Inc. (the "Company") issued a press release setting forth results for the fourth quarter and year ended June 30, 2009. For the quarter ended June 30, 2009, the Company reported a net loss of $16.1 million, or $2.04 per share, on sales of $12.7 million, compared to net income $.7 million, or 8 cents per share, for prior year period. The Company had a net loss of $16.8 million for the full fiscal year ended June 30, 2009. These results include the effect of a non-cash accounting charge of $16.0 million relating to the impairment of goodwill in the fourth quarter ended June 30, 2009. The impairment was identified during the Company's annual evaluation of the carrying value of goodwill and reflects a general downturn in orders as a result of the current recession, lower than expected operating profits and cash flows during fiscal 2009. This non-cash charge does not effect operations or cash flow.
Reference is made to the press release furnished as an exhibit hereto relating to fourth quarter and fiscal year 2006 earnings.
(a) Not applicable.
(b) Not applicable.
(c) Not applicable.
(d) Exhibits.
Exhibit Number Description 99 Press Release dated September 25, 2009 |
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