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CryoLife's Fully Diluted Earnings Per Share Increased 71 Percent to $0.12 in Third quarter of 2008 from $0.07 in Third quarter of 2007
Date:10/30/2008

ts and

expenses 23,013 20,198 68,708 64,909

Income before income

taxes 3,791 1,962 10,819 4,786

Income tax expense 235 55 610 234

Net income $3,556 $1,907 $10,209 $4,552

Effect of preferred stock

dividends -- -- -- (243)

Net income applicable to

common shares $3,556 $1,907 $10,209 $4,309

Income per common share:

Basic $0.13 $ 0.07 $0.37 $0.17

Diluted $0.12 $0.07 $0.36 $0.16

Weighted average common

shares outstanding:

Basic 27,899 27,501 27,741 25,998

Diluted 28,703 28,056 28,384 26,673

CRYOLIFE, INC. AND SUBSIDIARIES

Financial Highlights

(In thousands)

Three Months Ended Nine Months Ended

September 30, September 30,

2008 2007 2008 2007

(Unaudited) (Unaudited)

Preservation services:

Cardiac tissue $7,034 $5,566 $19,620 $15,587

Vascular tissue 7,116 5,215 21,055 16,782

Orthopaedic tissue 38 566 662 3,650

Total preservation

services 14,188 11,347 41,337 36,019

Products:

BioGlue 11,623 10,280 36,482 32,373

Other medical devices 616 265
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SOURCE CryoLife, Inc.
Copyright©2008 PR Newswire.
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