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ATS Medical Announces Record Quarterly Revenue and Gross Profit
Date:5/5/2008

First Quarter 2008 Revenue Increases 37.5% to $14.8 Million

Gross Profit Margin at 60.3% Sets Quarterly Record

Company Raises Revenue Guidance

MINNEAPOLIS, May 5 /PRNewswire-FirstCall/ -- ATS Medical, Inc. (Nasdaq: ATSI), manufacturer and marketer of state-of-the-art cardiac surgery products and services, today reported financial results for the first quarter ended March 29, 2008. Revenue for the quarter was $14.8 million, up 37.5% from $10.8 million reported in the first quarter of 2007.

(Logo: http://www.newscom.com/cgi-bin/prnh/20040202/ATSILOGO)

Revenue growth was strong across all regions with domestic and international revenue increasing 36.2% and 38.3%, respectively. Contributing to the strong first quarter revenue growth was a 160.5% increase in revenues from the Company's ATS CryoMaze(TM) cryoablation products for the treatment of cardiac arrhythmias. Revenue from this product line rose to $3.8 million. Revenue from the Company's heart valve therapy products, consisting of mechanical valves, tissue valves and repair products, was up 18.8% on a year-over-year basis to $10.7 million. The growth reflected a 17.4% increase in mechanical valve revenue and a 70.4% increase in valve repair revenue. Revenue from products and services other than the Company's mechanical valves represented 34% of total revenue during the first quarter of 2008 compared with 23% in the first quarter of 2007.

Gross profit margin for the first quarter of 2008 set another quarterly record of 60.3% compared with 57.8% for the first quarter of 2007. Gross margin improvements were the result of lower product costs and increased contribution of new products. The prior record gross margin was 58.2% in the fourth quarter of 2007.

"Our strong first quarter revenue growth and milestone achievement of gross profit exceeding 60% for t
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SOURCE ATS Medical, Inc.
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