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UTAH MEDICAL PRODUCTS , INC . ( C ) G 7043 South 300 West Midvale , Utah 84047 Telephone : 801-566-1200 FAX : 801-566-7305 Nasdaq Symbol : UTMD www.utahmed.com PRESS RELEASE UTMD Reports Financial Performance for Third Calendar Quarter and Nine Months 2021 October 26 , 2021 Contact : Crystal Rios ( 801 ) 566-1200 Salt Lake City , Utah - The third calendar quarter ( 3Q ) of 2021 financial results continued to demonstrate Utah Medical Products , Inc.'s ( Nasdaq : UTMD's ) recovery after a time when there were restrictions on so - called nonessential medical procedures during the COVID - 19 pandemic . Because of the unusual dip in 2020 demand for its devices , UTMD management continues to report quarterly income statement results compared to the same periods not only in 2021 compared to 2020 , but also compared to 2019 . The Company is exceeding its stated objective in 2021 to try to fully recover back to its 2019 financial performance . Please see the income statements for all three years on the last page . Currencies in this release are denoted as $ or USD = U.S. Dollars ; AUD = Australia Dollars ; £ or GBP = UK Pound Sterling ; C $ or CAD = Canadian Dollars ; and € or EUR = Euros . Currency amounts throughout this report are in thousands , except per share amounts and where noted . Overview of Results The following summary comparison of 3Q and first nine months ( 9M ) of 2021 with 3Q and 9M 2020 income statement measures demonstrates UTMD's excellent recovery , despite many new challenges : 2021 to 2020 Comparison Revenues ( Sales ) : Gross Profit ( GP ) : Operating Income ( OI ) : Income Before Tax ( EBT ) : Net Income ( NI ) : Earnings Per Share ( EPS ) : 9M 3Q ( Jul - Sep ) ( Jan - Sep ) + 20 % + 20 % + 24 % + 25 % + 42 % + 46 % + 44 % + 45 % + 43 % + 44 % + 43 % + 45 % As longer - term UTMD stockholders appreciate , the above dramatic increases resulted from comparing 2021 financial results with the former depressed COVID - 19 pandemic year in which so - called " nonessential " medical procedures using UTMD's devices were restricted by government fiat . Perhaps the following comparison of 3Q and first nine months ( 9M ) of 2021 with 3Q and 9M 2019 , prior to the 2020 pandemic year , might be more meaningful : 2021 to 2019 Comparison Revenues ( Sales ) : Gross Profit ( GP ) : 3Q ( Jul - Sep ) 9M ( Jan - Sep ) ++ + 1 % + 9 % + 3 % + 5 %