Somanetics Corp. (SMTS) Reports Second Quarter Earnings
Somanetics Corp. released results for its third fiscal quarter of 2009, ending August 31, 2009. The company reported net income of $2.2 million, or $0.17 per share. This was down from the $3.0 million, or $0.23 per share, earned in the second quarter of 2008. Revenues came in at $12.5 million, about flat on a year over year basis. Somanetics Corporation reiterated its guidance for the full fiscal 2009 year as follows: Revenues - range of $50 to $52 million Gross margin – 86% Operating margin – 20% Pretax income - range of $11.2 to $11.6 million Somanetics Corporation ended…