Accelr8 Announces Fiscal 2010 Positive Earnings

Accelr8 Technology Corporation (NYSE: AXK) announced its financial results for the fiscal year ended July 31, 2010.

For the fiscal year, net sales revenues totaled $2,245,628; net income from operations was $611,793 with total net income of $641,747. For the previous year, net sales were $1,269,886 with a loss from operations of $(679,119) and a total net loss of $(714,197). Shareholders' equity totaled $4,909,778 for 2010, up from $3,894,494 at the end of the previous fiscal year.

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