BOULDER, Colo., Jan. 27 /PRNewswire-FirstCall/ -- Encision Inc. (OTC Bulletin Board: ECIA), a medical device company owning patented surgical technology that is emerging as a standard of care in minimally-invasive surgery, reported its financial results for its third quarter ended December 31, 2008.

Net sales for the third quarter of fiscal year 2009, ended December 31, 2008, totaled $3.27 million, representing a 4% increase over net sales of $3.13 million for the prior fiscal year's third quarter. The Company recorded net income of $233 thousand or $.04 per share for the third quarter of fiscal year 2009, representing a 295% increase, compared to net income of $59 thousand or $.01 per share for the third quarter of fiscal year 2008. Gross profit margin for the third quarter of fiscal year 2009 was 64% as compared to 65% for the third quarter of fiscal year 2008. The gross profit margin decrease from the third quarter of fiscal year 2008 was due to increased sales of lower gross profit margin products and a 0.8% increase to gross profit margin that was attributed to a decrease in warranty claims in the third quarter of fiscal year 2008.

Net sales for the first nine months of fiscal year 2009, ended December 31, 2008, totaled $9.7 million, representing a 9% increase over net sales of $8.9 million for the prior fiscal year's first nine months. The Company recorded net income of $144 thousand or $.02 per share for the first nine months of fiscal year 2009 compared to a net loss of $228 thousand or $.04 per share for the first nine months of fiscal year 2008. Gross profit margin for the first nine months of fiscal year 2009 was 62% as compared to 63% for the first nine months of fiscal year 2008.

'All disposable scissor inserts sales made in the third quarter ending December 31, 2008 were sales from internally manufactured disposable scissor inserts and resulted in higher gross profit margins from the second quarter ended September 30, 2008. Also, we saw during this third quarter the savings effect of our reduced cost structure as it relates to engineering projects,' said Jack Serino, President and CEO of Encision Inc. 'We are pleased with our net income increase of 295% and are cautiously optimistic that the results for the last three months of fiscal year 2009 will be positive.'

Encision Inc.