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ATS Medical Announces Second Quarter 2009 Results

--- ---------------- July 4, June 28, July 4, June 28, 2009 2008 2009 2008 ---- ---- ---- ---- Heart valve therapy $14,736 $12,093 $27,981 $22,774 Surgical arrhythmia 4,722 4,386 9,626 8,234 Surgical tools & accessories 323 421 577 737 --- --- --- --- Total revenue $19,781 $16,900 $38,184 $31,745 ======= ======= ======= =======

    ATS Medical, Inc.
    Reconciliation of GAAP
     Net Loss to Non-GAAP
    (Unaudited, in thousands)
                                    Quarter Ended        Six Months Ended
                                    -------------        ----------------
                                  July 4,    June 28,  July 4,   June 28,
                                   2009        2008     2009      2008
                                   ----        ----     ----      ----

    Net loss, as reported         $(186)     $(4,669) $(1,857)  $(7,080)
    Adjustments to net loss:
        Interest expense            709          708    1,433     1,421
        Income tax  expense         119          159      182       229
        Depreciation                474          560      940     1,165
        Amortization                812          890    1,600     1,781
                                    ---          ---    -----     -----

    Earnings (loss) before
     interest, taxes,
        depreciation and
         amortization            $1,928      $(2,352)  $2,297   $(2,484)
        (EBITDA)                 ======     ========   ======  ========

SOURCE ATS Medical, Inc.
Copyright©2009 PR Newswire.
All rights reserved

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