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

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Intangible asset

impairment - - 10,459 -

Loss (gain) on sale or

disposal of assets,

net 116 - 116 (988)

Special charges - 20,183 - 20,183

Total operating

expenses 111,637 103,293 359,631 251,863

Loss from operations (4,608) (38,233) (43,628) (59,908)

Other (income) expense:

Realized and

unrealized gains on

investments, net (142) - (542) -

Interest (income)

expense, net 49 (417) (307) (823)

Other (income)

expense, net 2,279 (1,554) 192 (2,066)

Loss before income

taxes (6,794) (36,262) (42,971) (57,019)

Income tax expense 516 250 1,531 858

Net loss $(7,310) $(36,512) $(44,502) $(57,877)

Earnings per share:

Net loss per common

share (basic and

diluted) $(0.07) $(0.60) $(0.43) $(0.98)

Weighted average common

shares outstanding 104,474,600 60,365,027 104,276,029 59,141,035

(a) Includes stock-based

compensation charges of:

Product cost of goods

sold $121 $101 $596 $446

Sales, general and

administrative 2,572 2,100 9,608 6,166

Research and

development 366 269 1,478 717

$3,059 $2,470 $11,682 $7,329

ev3 Inc.

CONSOLIDATED BALANCE
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SOURCE ev3 Inc.
Copyright©2008 PR Newswire.
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