Navigation Links
CryoLife Reports Record Annual Revenues of $105.1 Million for FY 2008
Date:2/19/2009

ATLANTA, Feb. 19 /PRNewswire-FirstCall/ -- CryoLife, Inc. (NYSE: CRY), an implantable biological medical device and tissue processing company, announced today that revenues for the year ended December 31, 2008 increased 11 percent to $105.1 million compared to $94.8 million for the year ended December 31, 2007. Excluding orthopaedic tissue processing revenues of $725,000 and $4.2 million in the years ended December 31, 2008 and December 31, 2007, respectively, total revenues increased 15 percent for the year ended 2008.

Net income for the year ended December 31, 2008 was $32.9 million, or $1.18 per basic and $1.16 per fully diluted common share, compared to $7.2 million, or $0.26 per basic and fully diluted common share for the year ended December 31, 2007. Net income for the year ended December 31, 2008 includes a tax benefit of $20.1 million, or $0.71 per fully diluted common share, related to the reversal of the Company's valuation allowance on its deferred tax assets.

Revenues for the fourth quarter of 2008 increased 2 percent to $25.5 million compared to $25.1 million for the fourth quarter of 2007. Excluding orthopaedic tissue processing revenues of $63,000 and $552,000 for the fourth quarters of 2008 and 2007, respectively, total revenues increased 4 percent for the fourth quarter of 2008.

Net income for the fourth quarter of 2008 was $22.7 million, or $0.81 per basic and $0.80 per fully diluted common share, compared to $2.6 million, or $0.10 per basic and fully diluted common share for the fourth quarter of 2007. Net income for the fourth quarter of 2008 included a tax benefit of $20.1 million, or $0.71 per fully diluted common share, related to the reversal of the Company's valuation allowance on its deferred tax assets.

Tissue processing revenues for the fourth quarter of
'/>"/>

SOURCE CryoLife, Inc.
Copyright©2009 PR Newswire.
All rights reserved

0

GOOD

Page: 1 2 3 4 5 6 7 8 9 10 11

Related biology technology :

1. CryoLife Announces Release Date and Teleconference Call Details for 2008 Fourth Quarter and Year End Financial Results
2. CryoLife, Inc. Receives Tissue From 100,000th Donor, Marking Industry Milestone
3. CryoLife to Present at 20th Annual Piper Jaffray Health Care Conference
4. CryoLifes Fully Diluted Earnings Per Share Increased 71 Percent to $0.12 in Third quarter of 2008 from $0.07 in Third quarter of 2007
5. CryoLife Announces Release Date and Teleconference Call Details for Third Quarter 2008 Financial Results
6. CryoLife Hosts Worldwide Surgical Congress for the Ross Procedure
7. CryoLife Expands Distribution of Hemostase MPH(R) to Canada through Sorin Group Canada, Inc.
8. CryoLife to Present at UBS Global Life Sciences Conference
9. CryoLife Expands Distribution of Hemostase MPH(R) to France through Laboratoire Gamida
10. CryoLife Announces Management Promotions
11. CryoLifes Earnings Per Share Increased 180 Percent to $0.14 in Second Quarter of 2008 from $0.05 in Second Quarter of 2007
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/25/2013)... Significant research in quantum optics, metamaterials and ... presentation of awards by the International Commission for ... during the SPIE Optics and Optoelectronics 2013 symposium in ... photonics , is an International Society Member of the ... with the 2011 ICO Galileo Galilei Award, for his ...
(Date:5/25/2013)... 25, 2013 Dennis R. HIll M.D. Radiation ... CA reports that recently there has been a promotion of ... improved the permanent seed, or low dose rate, brachytherapy for ... a higher energy, a shorter half life, and gives a ... that Cesium 131 has a higher average energy than the ...
(Date:5/24/2013)... Dr. Ingrid Warmuth and Anamaria Newport, MHS, PA-C, with locations ... an Open House at their Swedesboro location, 95 Woodstown Road. ... 10 AM to 2 PM. , During the open ... be on hand to talk to people about the benefits ... cosmetic consultations. There will also be specials offered, such as ...
(Date:5/24/2013)... 2013 In a sneak preview ... will present technologies with applications in multiple and ... SPIE Optics and Photonics symposium in San ... the international society for optics and photonics , ... sciences and technology meeting in North America, with ...
Breaking Biology Technology:ICO Honors Three with Awards during SPIE Optics and Optoelectronics 2ICO Honors Three with Awards during SPIE Optics and Optoelectronics 3Dennis R. Hill MD HDR Prostate Brachytherapy Specialist Compares Prostate Cancer Treatment Options: Not All Low Dose Rate Brachytherapy Isotopes Are the Same 2Dennis R. Hill MD HDR Prostate Brachytherapy Specialist Compares Prostate Cancer Treatment Options: Not All Low Dose Rate Brachytherapy Isotopes Are the Same 3See What’s in Earth’s Future ? and Out in Space Now ? at SPIE Optics and Photonics 2See What’s in Earth’s Future ? and Out in Space Now ? at SPIE Optics and Photonics 3See What’s in Earth’s Future ? and Out in Space Now ? at SPIE Optics and Photonics 4
... SA announced today the Company,s president and CEO, ... 2012 Conference held in conjunction with the annual J.P. ... Dr. Fisch will present, "Translating Drug Discovery into Clinical ... partners on Monday, January 9 at 11:00 AM in ...
... AHRO) ("AtheroNova"), a biotech company focused on the research and ... it has appointed Johan M. (Thijs) Spoor as a new ... January 3, 2012. Mr. Spoor is an independent director who ... Board. "I am very pleased to strengthen ...
... Jan. 5, 2012 CMC Biologics, a leading ... European Patent No. US 2,171,034 B1 covering a ... mammalian cell culture bioreactors. The invention is designed ... continuous perfusion fermentation process, wherein the bioreactor (fermenter) ...
Cached Biology Technology:Selexis SA to Present at Biotech Showcase 2012 2AtheroNova Announces a New Board Member 2AtheroNova Announces a New Board Member 3CMC Biologics Strengthens its Innovative Biomanufacturing Technology Portfolio in Continuous Perfusion Systems 2
(Date:5/24/2013)... Studying complex systems like ecosystems can get messy, ... other big unknowns like climate change. , In ... the Proceedings of the National Academy of Sciences ... validate a fundamental assumption at the very heart of ... , To model how climate changes may impact biodiversity, ...
(Date:5/24/2013)... 2013 A frequently expressed concern in the ongoing public ... vegetables, especially those that are nutrient dense. A ... Beans Provide Most Nutrients Per Penny," published in the ... one of the best nutritional values in the produce ... penny than most other raw vegetables and delivering one ...
(Date:5/24/2013)... growing open-access publishers, today announces the launch of a ... broad scope journal covering all specialties, Frontiers in ... platform for the research community to publish high quality ... interactive peer-review enables fast, fair and constructive review of ... three months from submission to final decision for a ...
Breaking Biology News(10 mins):Understanding the past and predicting the future by looking across space and time 2New research shows that potatoes provide one of the best nutritional values per penny 2Frontiers launches new open-access journal in physics 2Frontiers launches new open-access journal in physics 3
... Orthodox Union started finding worms in cans of sardines ... American Museum of Natural History to answer a culturally ... kosher? Using a technique called "DNA barcoding" at ... the species and life cycles of the parasitic worms ...
... understand how Earth,s climate works include thousands of ... seismology, geology, physics and chemistry, but few take ... on climate. Now, a new report from ... into Climate Models", offers a plan for integrating ...
... West has seen a recent increase in large wildfires due ... forests, a spread of fire-prone species and increased tree mortality ... Feb. 14 in the Proceedings of the National Academy ... conditions may be "a perfect storm" for more fires. ...
Cached Biology News:DNA barcoding of parasitic worms: Is it kosher? 2Report seeks to integrate microbes into climate models 2A look back suggests a sobering future of wildfire dangers in US west 2A look back suggests a sobering future of wildfire dangers in US west 3
... As research demands continue to grow, ... more spectral information has become necessary, especially ... spectral colors. The innovative C1si Confocal Microscope ... speed and spectral capability not available in ...
... by end-users to be "a delight to ... light microscopy and electronic imaging. With its ... not require much space and can easily ... The DM-BA300 combines Motic's own revolutionary Colour ...
... Overhead Drive for individual and parallel agitation ... agitation of DASGIP vessels, featuring range of ... ,Up to 16 overhead drives can be ... Systems fedbatch-pro® and cellferm-pro® for microbiology and ...
... Science LAS-3000 imaging system combines new ... user interface, providing significantly improved system ... modularities. The system is especially dedicated ... standard system for Western blotting applications.,Fuiji's ...
Biology Products: