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

acquired business:

Accounts receivable (1,311,112) 364,504

Inventories, net (1,007,321) (726,258)

Other current assets 32,162 (123,837)

Accounts payable and accrued liabilities 729,777 506,264

Other non-current assets and liabilities (13,413) 241,421

Net cash used in operating activities (3,828,482) (2,958,570)

Cash flows from investing activities:

Purchases of property & equipment, net (832,031) (526,071)

Purchases of available-for-sale securities (1,535) (6,761)

Maturities of available-for-sale securities 5,100,000 1,808,000

Net cash provided by investing activities 4,266,434 1,275,168

Cash flows from financing activities:

Payments on long-term debt and capital lease

obligations (523,063) (94,936)

Proceeds from stock option exercises 111,699 126,241

Net cash (used in) provided by financing

activities (411,364) 31,305

Effect of exchange rate changes on cash (12,661) (52,145)

Net change in cash and cash equivalents 13,927 (1,704,242)

Cash and cash equivalents - beginning of

period 13,000,652 14,890,383

Cash and cash equivalents - end of period $13,014,579 $13,186,141


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SOURCE AtriCure, Inc.
Copyright©2008 PR Newswire.
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