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Nuvasive Reports Third Quarter 2008 Financial Results

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NuVasive, Inc.

Unaudited Condensed Consolidated Statement of Operations

(in thousands, except per share data)

Three Months Ended Nine Months Ended

September 30, September 30,

2008 2007 2008 2007

Revenues $66,915 $38,522 $175,501 $107,360

Cost of goods sold 12,195 6,925 30,845 19,342

Gross Profit 54,720 31,597 144,656 88,018

Operating expenses:

Sales, marketing and

administrative 54,557 29,480 135,975 86,463

Research and development 6,396 5,702 19,797 16,463

In-process research and

development 16,700 - 20,876 -

Total operating expenses 77,653 35,182 176,648 102,926

Interest and other income

(expense), net (146) 1,302 764 4,789

Net loss $(23,079) $(2,283) $(31,228) $(10,119)

Net loss per share:

Basic and diluted $(0.64) $(0.07) $(0.88) $(0.29)

Weighted average shares -

basic and diluted 35,931 34,940 35,674 34,638

NuVasive, Inc.

Unaudited Condensed Consolidated Balance Sheets

(in thousands)

September 30, December 31,


SOURCE NuVasive, Inc.
Copyright©2008 PR Newswire.
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