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AtriCure Reports First Quarter 2008 Financial Results
Date:5/6/2008

expenses 14,195,580 13,412,465

Loss from operations (3,896,315) (4,872,190)

Other income 290,880 569,769

Net loss available to common

stockholders $(3,605,435) $(4,302,421)

Basic and diluted loss per share $(0.25) $(0.35)

Weighted average shares outstanding:

Basic and diluted 14,149,963 12,298,424

ATRICURE, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited)

March 31, December 31,

2008 2007

Assets

Current assets:

Cash and cash equivalents $13,014,579 $13,000,652

Short-term investments 1,903,904 7,006,041

Accounts receivable, net 8,552,666 7,189,512

Inventories, net 6,305,013 5,266,155

Other current assets 1,418,648 1,400,163

Total current assets 31,194,810 33,862,523

Property and equipment, net 4,764,364 4,466,060

Intangible assets 780,278 850,653

Goodwill 6,763,259 6,763,259

Other assets 117,270 129,001

Total Assets $43,619,981 $46,071,496

Liabilities and stockholders' equity

Current liabilities:

Accounts payable and accrued

liabilities $9,220,499 $8,413,656

Current maturities of debt,


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SOURCE AtriCure, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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