CryoLife's Earnings Per Share Increased 180 Percent to $0.14 in Second Quarter of 2008 from $0.05 in Second Quart...(for the three months and $453 for ...)

and $453 for the six months

ended June 30, 2007) 7,449 6,976 14,767 14,608

Products 1,840 1,881 3,832 3,829

General, administrative,

and marketing 12,358 10,842 24,425 23,177

Research and development 1,307 978 2,752 2,036

Interest expense 69 187 139 340

Interest income (71) (105) (193) (202)

Change in valuation of

derivative -- 866 -- 821

Other expense (income), net 55 13 (27) 102

Total costs and expenses 23,007 21,638 45,695 44,711

Income before income taxes 4,148 1,373 7,028 2,824

Income tax expense 260 82 375 179

Net income $3,888 $1,291 $6,653 $2,645

Effect of preferred stock

dividends -- -- -- (243)

Net income applicable to

common shares $3,888 $1,291 $6,653 $2,402

Income per common share:

Basic $0.14 $ 0.05 $0.24 $0.10

Diluted $0.14 $0.05 $0.24 $0.09

Weighted average common

shares outstanding:

Basic 27,756 25,480 27,661 25,234

Diluted 28,381 26,333 28,211 25,969

CRYOLIFE, INC. AND SUBSIDIARIES

Financial Highlights

(In thousands)

Three Months Ended Six Months Ended

June 30, June 30,

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