SRI/Surgical Express reports total revenue of $25.79M for fourth-quarter 2009

SRI/Surgical Express, Inc. (SRI) (Nasdaq:STRC), a leading provider of reusable surgical device reprocessing services supporting the healthcare industry, today announced financial results for its fourth quarter and year ended December 31, 2009.

For the fourth quarter of 2009, SRI Surgical reported total revenue of $25,790,000, an increase of $1,802,000 over the fourth quarter of 2008. The net loss for the fourth quarter of 2009 was $422,000 or $.07 per basic and diluted common share compared to a net loss for the fourth quarter of 2008 of $699,000 or $0.11 per basic and diluted common share. Revenues for the fiscal year ended December 31, 2009 were $98,453,000 compared to $97,028,000 for the fiscal year ended December 31, 2008. The net loss for the fiscal year ended December 31, 2009 was $3,776,000 or $0.58 per basic and diluted common share compared to a net loss of $2,556,000, or $0.40 per basic and diluted common share for the fiscal year ended December 31, 2008.

Gerald Woodard, Chief Executive Officer said, "In 2009, we worked hard to build a platform to expand our revenues and strengthen our organization. In 2010, we will continue to focus on these key initiatives while controlling and reducing costs."