ATS Medical Announces Fourth Quarter 20...(31 31 31 31 ...),Health

Date:2/23/2009

31, 31, 31, 31, 2008 2007 2008 2007 --------------- ----------------- Net sales $18,032 $14,217 $65,821 $49,587 Cost of goods sold 6,190 5,937 25,267 21,348 ----- ----- ------ ------ Gross profit 11,842 8,280 40,554 28,239 Operating expenses: Sales and marketing 6,680 7,019 27,373 24,633 Research and development 1,864 2,173 8,215 7,546 In-process research and development - - - 3,500 General and administrative 2,310 3,099 10,509 10,417 Litigation settlement 7,500 - 7,500 - Amortization of intangibles 817 885 3,489 2,516 Intangible asset impairment - - - 755 --- --- --- --- Total operating expenses 19,171 13,176 57,086 49,367 ------ ------ ------ ------ Operating loss (7,329) (4,896) (16,532) (21,128) ------- ------- -------- -------- Interest expense, net (763) (555) (2,739) (1,822) Other income (expense), net (224) (594) 413 61 ----- ----- --- -- Net loss before income taxes (8,316) (6,045) (18,858) (22,889) Income tax expense (197) (116) (481) (119) ----- ----- -----
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SOURCE ATS Medical, Inc. Copyright©2009 PR Newswire. All rights reserved

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