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Claimsnet.com Reports Second Quarter 2010 Results

Friday, July 30, 2010 Corporate News
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Including a 6% Increase in Revenues

CLAIMSNET.COM INC. AND SUBSIDIARIES

SUMMARY OPERATIONS STATEMENT INFORMATION

(In thousands except per share data)

(unaudited)

(unaudited)

Quarter Ended

Six Months Ended

June 30,

June 30,

----------------------------

----------------------------

2010

2009

2010

2009

-----------

----------

-----------

----------

REVENUES

$596

$563

$1,175

$1,082

COST OF REVENUES

$434

$419

$848

$832

GROSS PROFIT

$162

$144

$327

$250

SELLING, GENERAL AND ADMINISTRATIVE

$186

$221

$360

$472

LOSS FROM OPERATIONS

$(24)

$(77)

$(33)

$(222)

INTEREST EXPENSE

$(7)

$(10)

$(14)

$(22)

NET LOSS

$(31)

$(87)

$(47)

$(244)

NET LOSS PER COMMON SHARE –

BASIC AND DILUTED

$(0.00)

$(0.00)

$(0.00)

$(0.01)

WEIGHTED AVERAGE COMMON

SHARES OUTSTANDING – BASIC AND DILUTED

34,875

34,078

34,875

33,352

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