Arrhythmia Research Technology, Inc. Announces Results for Second Quarter 2006
02 Agosto 2006 - 8:44AM
Business Wire
Arrhythmia Research Technology, Inc. (the "Company") (AMEX: HRT)
and its wholly owned subsidiary Micron Products, Inc. ("Micron")
reported total revenue of $4,656,000 and net income of $577,000 for
the quarter ended June 30, 2006 compared to total revenue of
$3,424,000 and net income of $445,000 for the same quarter of 2005.
Basic net income per share for the three months ended June 30, 2006
increased to $0.22 per share from $0.17 per share for the same
period in 2005. Total revenue increased by 36% in the quarter
ending June 30, 2006 as compared to the same period in 2005. Net
income increased by 30% and earnings per share increased by 29% for
the quarter ending June 30, 2006 over the same period in 2005.
Revenues for the quarter increased over the same period in the
prior year for the 13th consecutive quarter. For the six months
ended June 30, 2006, total revenue of $8,925,000 and net income of
$1,098,000 was achieved as compared to total revenue of $6,532,000
and net income of $874,000 for the same period in 2005. Basic net
income per share for the six months ended June 30, 2006 was $0.41
as compared to $0.33 for the same period in 2005. James E. Rouse,
the Company's President and CEO commented, "We are pleased to
announce that revenues, net income and earnings per share continued
to rise as a result of growth in all segments of our business.
Although Micron's silver and non-silver coated sensor product line
was the largest single contributor to this growth, both the New
England Molders ("NEM") division and the Micron Integrated
Technology ("MIT") division made significant contributions as well
and appear poised to improve on their contribution to overall
revenue and net income in the future. Despite persistent cost
pressure as a result of raw material and energy price increases we
expect continued growth in revenue and net income in all segments
of our business going forward." The Company, through its wholly
owned subsidiary Micron Products Inc., produces silver plated and
non-silver plated conductive resin sensors and distributes metal
snaps used in the manufacturer of disposable ECG, EEG, EMS and TENS
electrodes. Micron's NEM division manufactures custom injection
molded products for medical, electronic, industrial and consumer
applications. Micron's MIT division provides end-to-end product
life cycle management through a comprehensive portfolio of
value-added services such as design, engineering, prototyping,
manufacturing, machining, assembly and packaging. The Company's
products also include proprietary signal-averaging
electrocardiography (SAECG) software used in the detection of
patients who may be at risk for potentially lethal arrhythmias. For
more information please visit our websites: http://www.arthrt.com
http://www.micronproducts.com http://www.newenglandmolders.com
http://www.micronintegrated.com Forward-looking statements made
herein are based on current expectations of the Company that
involve a number of risks and uncertainties and should not be
considered as guarantees of future performance. The factors that
could cause actual results to differ materially include:
interruptions or cancellation of existing contracts, impact of
competitive products and pricing, product demand and market
acceptance, risks, the presence of competitors with greater
financial resources than the Company, product development and
commercialization risks, changing economic conditions in developing
countries, and an inability to arrange additional debt or equity
financing. More information about factors that potentially could
affect the Company's financial results is included in the Company's
filings with the Securities and Exchange Commission, including its
Annual Report on Form 10-KSB for the year ended December 31, 2005.
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