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

For the Three Months Ended

March 30, April 1,

2008 2007

Sales

Product sales $95,050 $61,499

Research collaboration 6,207 -

Net sales 101,257 61,499

Operating expenses

Product cost of goods sold (a) 31,970 20,457

Research collaboration 1,648 -

Sales, general and administrative (a) 59,828 39,137

Research and development (a) 11,726 7,433

Amortization of intangible assets 8,243 4,100

Loss on sale or disposal of assets, net - 16

Total operating expenses 113,415 71,143

Loss from operations (12,158) (9,644)

Other income:

Interest income, net (441) (109)

Other income, net (2,432) (317)

Loss before income taxes (9,285) (9,218)

Income tax expense 485 276

Net loss $(9,770) $(9,494)

Earnings per share:

Net loss per common share (basic and diluted) $(0.09) $(0.17)

Weighted average common shares outstanding 104,094,790 57,514,255

(a)Includes stock-based compensation charges of:

Cost of goods sold $297 $158

Sales, general and administrative 3,594 1,859

Research and development
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SOURCE ev3 Inc.
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