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ATS Medical Announces Record Quarterly and Full Year Revenue
Date:2/25/2008

2006

Assets

Cash and short-term investments $14,669 $10,704

Accounts receivable 11,186 11,677

Inventories 18,743 18,782

Prepaid expenses 1,143 1,175

Total current assets 45,741 42,338

Property and equipment, net 7,739 8,213

Intangible assets 50,779 33,155

Other assets 1,638 2,134

Total assets $105,897 $85,840

Liabilities & shareholders' equity

Accounts payable $4,794 $3,183

Accrued compensation 2,361 2,589

Other accrued liabilities 2,000 2,457

Current maturities of bank notes payable 2,457 1,133

Warrant liability 3,913 -

Total current liabilities 15,525 9,362

Convertible senior notes payable 17,436 17,394

Bank notes payable 6,143 1,194

Payable to CryoCath Technologies Inc. 1,742 -

Deferred income taxes 95 -

Shareholders' equity 64,956 57,890

Total liabilities & shareholders' equity $105,897 $85,840

ATS Medical, Inc.

Consolidated Condensed Statements of Cash Flow

(in thousands)

Year Ended December 31,

2007 2006

Operating activities

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SOURCE ATS Medical, Inc.
Copyright©2008 PR Newswire.
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