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

uding its Form 10-K for the year ended December 31, 2007 and its most recent quarterly report on Form 10-Q.

ATS Medical, Inc.

Condensed Consolidated Statements of Operations

(in thousands except per share amounts)

Quarter Ended

March 29, March 31,

2008 2007

Net sales $14,845 $10,796

Cost of goods sold 5,897 4,553

Gross profit 8,948 6,243

Operating expenses:

Sales and marketing 6,487 5,923

Research and development 2,206 1,657

General and administrative 3,004 2,616

Amortization of intangibles 891 415

Total operating expenses 12,588 10,611

Operating loss (3,640) (4,368)

Interest expense, net (619) (445)

Other income (expense) 1,918 (6)

Net loss before income taxes (2,341) (4,819)

Income tax expense (70) (1)

Net loss ($2,411) ($4,820)

Net loss per share:

Basic and diluted ($0.04) ($0.11)

Weighted average number of shares outstanding:

Basic and diluted 59,739 42,052

ATS Medical, Inc.

Condensed Consolidated Balance Sheets

(in thousands)

March 29,
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SOURCE ATS Medical, Inc.
Copyright©2008 PR Newswire.
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