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ev3 Inc. Reports Third Quarter 2008 Financial Results
Date:10/31/2008

ondensed financial statements prepared in accordance with U.S. generally accepted accounting principles (GAAP), ev3 uses certain non-GAAP financial measures in this release. Reconciliations of the non-GAAP financial measures used in this release to the most comparable U.S. GAAP measures for the respective periods can be found in tables later in this release immediately following the detail of net sales by geography. Non-GAAP financial measures have limitation as analytical tools and should not be considered in isolation or as a substitute for ev3's financial results prepared in accordance with GAAP.

ev3 Inc.

CONSOLIDATED STATEMENTS OF OPERATIONS

(Dollars in thousands, except per share amounts)

(unaudited)

For the Three For the Nine

Months Ended Months Ended

September September September September

28, 30, 28, 30,

2008 2007 2008 2007

Sales

Product sales $100,018 $65,060 $296,577 $191,955

Research collaboration 7,011 - 19,426 -

Net sales 107,029 65,060 316,003 191,955

Operating expenses

Product cost of goods

sold (a) 36,182 23,097 102,442 65,916

Research collaboration 2,100 - 5,647 -

Sales, general and

administrative (a) 53,005 45,353 178,769 125,372

Research and

development (a) 12,133 10,708 37,913 29,464

Amortization of

intangible assets 8,101 3,952 24,285 11,916'/>"/>

SOURCE ev3 Inc.
Copyright©2008 PR Newswire.
All rights reserved

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