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Cardiogenesis Reports Third Quarter 2008 Results
Date:11/13/2008

d $(0.01) $0.01 $0.01 $0.01

Weighted average shares

outstanding:

Basic 45,292 45,274 45,292 45,274

Diluted 45,292 45,274 45,328 45,274

CARDIOGENESIS CORPORATION

CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands)

September December

30, 2008 31, 2007

(unaudited) (audited)

ASSETS

Current assets:

Cash and cash equivalents $3,439 $2,824

Accounts receivable, net of allowance for

doubtful accounts of $49 and $28,

respectively 1,319 1,763

Inventories 1,380 1,602

Prepaids and other current assets 466 486

Total current assets 6,604 6,675

Long-term investments in marketable securities 75 --

Property and equipment, net 341 457

Other assets, net 27 27

Total assets $7,047 $7,159

LIABILITIES AND SHAREHOLDERS' EQUITY

Current liabilities:

Accounts payable $338 $169

Accrued liabilities 1,124 1,458

Deferred revenue 902 1,210

Current portion of capital lease obligation 8 12

Total current liabilities
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SOURCE Cardiogenesis Corporation
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