AtriCure Reports First Quarter 2008 Financi... (capital lease obligations and ...)

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AtriCure Reports First Quarter 2008 Financial Results

Date:5/6/2008

capital lease obligations and

long-term debt 443,338 825,146

Total current liabilities 9,663,837 9,238,802

Long-term debt and capital lease

obligations 243,417 282,475

Other liabilities 313,816 313,717

Total liabilities 10,221,070 9,834,994

Stockholders' equity:

Common stock 14,175 14,132

Additional paid-in capital 104,202,347 103,524,814

Other comprehensive income 95,554 5,286

Accumulated deficit (70,913,165) (67,307,730)

Total stockholders' equity 33,398,911 36,236,502

Total Liabilities and

stockholders' equity $43,619,981 $46,071,496

ATRICURE, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

Three Months Ended March 31,

2008 2007

Cash flows from operating activities:

Net loss $(3,605,435) $(4,302,421)

Adjustments to reconcile net loss to net

cash used in operating activities:

Depreciation and amortization 738,111 502,585

Loss on disposal of equipment - 3,856

Provision for (benefit from) losses in

accounts receivable 42,872 (66,624)

Share-based compensation expense 565,877 641,940

Changes in assets and liabilities,

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

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AtriCure Reports First Quarter 2008 Financi...(capital lease obligations and ...)