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Cardiogenesis Reports Fourth Quarter and Full Year 2007 Results
Date:3/25/2008

)

Diluted $0.00 $(0.01) $0.01 $(0.04)

Weighted average shares outstanding:

Basic 45,274 45,274 45,274 45,274

Diluted 45,274 45,274 45,274 45,274

CARDIOGENESIS CORPORATION

CONDENSED CONSOLIDATED BALANCE SHEET

(in thousands)

(unaudited)

ASSETS

Current assets:

Cash and cash equivalents $2,824

Accounts receivable, net of allowance for doubtful

accounts of $28 1,763

Inventories, net of inventory reserve of $317 1,602

Prepaids and other current assets 486

Total current assets 6,675

Property and equipment, net 457

Other assets 27

Total assets $7,159

LIABILITIES AND SHAREHOLDERS' EQUITY

Current liabilities:

Accounts payable $169

Accrued liabilities 1,458

Deferred revenue 1,210

Current portion of capital lease obligation 12

Total current liabilities 2,849

Capital lease obligation, less current portion 19

Total liabilities 2,868

Commitments and contingencies

Shareholders' equity:

Preferred stock:'/>"/>

SOURCE Cardiogenesis Corporation
Copyright©2008 PR Newswire.
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