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

December 31,

2008 2007

Assets

Cash and short-term investments $11,926 $14,669

Accounts receivable 11,488 11,186

Inventories 19,266 18,743

Prepaid expenses 1,016 1,143

Total current assets 43,696 45,741

Property and equipment, net 7,646 7,739

Intangible assets 49,888 50,779

Other assets 1,530 1,638

Total assets $102,760 $105,897

Liabilities & shareholders' equity

Accounts payable $4,959 $4,794

Accrued compensation 2,195 2,361

Other accrued liabilities 2,092 2,000

Current maturities of bank notes payable 2,646 2,457

Warrant liability 2,393 3,913

Total current liabilities 14,285 15,525

Convertible senior notes payable 17,456 17,436

Bank notes payable 5,954 6,143

Payable to CryoCath Technologies Inc. 1,782 1,742

Deferred income taxes 143 95

Shareholders' equity 63,140 64,956

Total liabilities & shareholders' equity $102,760 $105,897

ATS Medical, Inc.

Consolidated Condensed Statements of Cash Flow

(in thousands)

Quarter Ended


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