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Angiotech announces preliminary third quarter financial results and updates fiscal 2007 outlook
Date:10/19/2007

w">http://www.angiotech.com in the Investor Relations section.

Financial Information and Certain Non-GAAP Financial Measures

Amounts, unless specified otherwise, are expressed in U.S. dollars. Financial results are reported under GAAP unless otherwise noted. All per share amounts are stated on a diluted basis unless otherwise noted.

This press release contains preliminary unaudited financial results for the three month period ended and as of September 30, 2007. Because the selected financial results described in this release are preliminary, these results remain subject to change to reflect necessary corrections or adjustments or changes in accounting estimates that are identified prior to the time that we release our complete third quarter results. Actual results may vary from the results presented in this release. We will release our complete third quarter financial results, including Management's Discussion and Analysis of Financial Condition and Results of Operations, and hold our third quarter results conference call for analysts and investors, as scheduled on November 1, 2007.

Certain financial results presented in this press release include non-GAAP measures that exclude certain items. Adjusted net income from continuing operations, adjusted net income per share from continuing operations and adjusted earnings before interest, taxes, depreciation and amortization ("Adjusted EBITDA") exclude acquisition related amortization charges, acquired in-process research and development relating to license agreements and acquisitions, stock-based compensation expense, foreign exchange gains or losses relating to translation of foreign currency cash and investment balances and other non-recurring items. Adjusted net income from continuing operations, adjusted net income per share from continuing operations and Adjusted EBITDA also exclude litigation expenses related to defending intellectual property claims. Adjusted net income from continuing
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SOURCE Angiotech Pharmaceuticals, Inc.
Copyright©2007 PR Newswire.
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