Liberator Medical Holdings (LBMH.OB) Posts FY and Q4 Financials, Reflecting Growth and Resilience

QualityStocks would like to highlight Liberator Medical Holdings, Inc. (OTCBB: LBMH). The company operates through its subsidiary, Liberator Medical Supply Inc., as a branded, national, direct-to-consumer provider of medical supplies to Medicare-eligible seniors. Liberator Medical Supply established the Liberator brand as a leading national direct-to-consumer provider of quality medical supplies to Medicare-eligible seniors. Liberator is recognized for offering a simple, reliable way to purchase medical supplies needed on a regular, ongoing, repeat-order basis, with the convenience of direct billing to Medicare and private insurance.

In the company’s news today,

Liberator Medical Holdings posted its fiscal year and fourth-quarter financial results 2010.

Liberator posted net revenues for fiscal year 2010 at $40,919,000, an increase of 58.5 percent compared with fiscal year 2009. The company attributes the increase in sales primarily to its continued emphasis on its direct response advertising campaign, which cost the company $10,808,000 for 2010, a 157.9 percent increase compared to fiscal year 2009 campaign expenditures.

For the fourth fiscal quarter the company reported net revenues of $11.49 million, a 49 percent increase compared to fourth fiscal quarter 2009 net revenues of $7.70 million.

Gross profit for fiscal year 2010 increased 58.5 percent to $26,570,000, compared with fiscal year 2009.

Income from operations was reported at $4,627,000 compared to income from operations of $3,289,000 for the fiscal year ended September 30, 2009. Fiscal fourth quarter 2010 operating income was reported at $2,164,000.

The company reported net income of $2,600,000, or $0.07 per share, for fiscal year 2010, compared to net income of $2,222,000 for fiscal year 2009. Fourth quarter 2010 net income was $692,000, or $0.018 per share.

Mark Libratore, Liberator CEO, said the company has demonstrated its ability to withstand broader economic concerns and is backed by a solid balance sheet.

“We have experienced tremendous growth over the past three fiscal years despite the downturn in the U.S. economy. We have a strong balance sheet with over $7 million in cash and minimal debt. Approximately 50 percent of each of our facilities is available for future growth, which positions the company very well to grow our sales and improve profitability over the long term. The outlook for demand for our products and services is favorable, as our products are not variable or seasonal and there should be an increase in newly-diagnosed patients requiring the medical supplies that we provide,” Libratore stated in the press release.

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Forward-Looking Statement:

This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.