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Friday, May 27, 2011 6:02:38 PM
RESULTS OF OPERATIONS
2011 vs. 2010
Overall sales for the year ending February 2011 increased 30.4% to $4,920,723 from $3,774,873 for the same period last year.
We continue to focus our sales and marketing efforts mainly on our two core product lines, the FREEDOM60(R) Syringe Infusion System and the RES Q VAC(R) Medical Suction System.
The FREEDOM60(R) continues to lead our sales increases with an overall improvement of 44.2% going from $2,805,548 in 2010 to $4,044,313 for the current year. The increase is due to additional sales for use with immune globulin, antibiotics, and to a lesser extent, new international sales coming in approximately midyear. We have concentrated the majority of our efforts in the FREEDOM60(R) line, specifically towards the subcutaneous immune globulin (SCIG) market.
We anticipate these sales to continue to increase as the SCIG market continues to develop and as we work on new enhancements to the FREEDOM60(R) that we believe will expand this market even further. In addition, we expect many of the SCIG providers will see benefit in using the FREEDOM60(R) system for other uses, such as antibiotics, chemotherapeutics, and pain medications.
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