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AtriCure Reports Record Second Quarter 2008 Financial Results
Date:8/5/2008

third party manufacturers and suppliers, litigation (including the purported class action lawsuit) or other proceedings, government regulation and stock price volatility. AtriCure does not guarantee any forward-looking statement, and actual results may differ materially from those projected. AtriCure undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.

Contact:

AtriCure, Inc.

Julie A. Piton

Vice President and Chief Financial Officer

(513) 755-4561

jpiton@atricure.com

ATRICURE, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)

Three Months Ended June 30, Six Months Ended June 30,

2008 2007 2008 2007

Revenues $14,858,514 $12,352,219 $28,388,659 $23,102,989

Cost of revenues 3,494,908 2,547,152 6,725,788 4,757,647

Gross profit 11,363,606 9,805,067 21,662,871 18,345,342

Operating expenses:

Research and

development

expenses 2,593,694 2,927,984 5,026,847 6,057,262

Selling, general

and administrative

expenses 10,595,334 10,036,836 22,357,756 20,320,023

Total

operating

expenses 13,189,028 12,964,820 27,384,603 26,377,285

Loss from operations (1,825,422) (3,159,753) (5,721,732) (8,031,943)

Other income 232,806 372,663 523,685 942,432

Net loss available to

common stockholders $(1,592,616) $(2,787,090) $(5,198,047) $(7,089,511)

Basic and diluted loss

per share $(0.11) $(0.22) $(0.37)
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SOURCE AtriCure, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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