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ev3 Inc. Reports 2008 First Quarter Financial Results and Revised 2008 Guidance
Date:5/2/2008

76%

Neurovascular

Embolic products 17,864 12,926 38%

Neuro access and delivery products 13,073 12,082 8%

Total neurovascular 30,937 25,008 24%

Research collaboration 6,207 - NA

Total company $101,257 $61,499 65%

NET SALES BY GEOGRAPHY For the Three Months Ended

March 30, April 1,

2008 2007 % change

United States $66,452 $35,140 89%

International 34,805 26,359 32%

Total net sales $101,257 $61,499 65%

ev3 Inc.

NON-GAAP FINANCIAL MEASURES

(Dollars in thousands)

(unaudited)

For the Three Months Ended

March 30, April 1,

2008 2007

Reconciliation of net loss to EBITDA

Net loss, as reported (GAAP basis) $(9,770) $(9,494)

Interest income, net (441) (109)

Income tax expense 485 276

Depreciation and amortization 11,176 5,904

EBITDA $1,450 $(3,423)

Stock-based compensation 4,731 2,199

EBITDA, adjusted for stock-based

compensation $6,181 $(1,224)


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SOURCE ev3 Inc.
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