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ATS Medical Announces Second Quarter 2009 Results
Date:8/3/2009

ded Six Months Ended ------------- ---------------- July 4, June 28, July 4, June 28, 2009 2008 2009 2008 ---- ---- ---- ---- Net sales $19,781 $16,900 $38,184 $31,745 Cost of goods sold 7,040 6,610 13,170 12,507 ----- ----- ------ ------ Gross profit 12,741 10,290 25,014 19,238 Operating expenses: Sales and marketing 7,525 7,147 15,026 13,634 Research and development 1,817 2,302 3,861 4,508 General and administrative 2,431 2,764 4,907 5,768 Amortization of intangibles 812 890 1,600 1,781 --- --- ----- ----- Total operating expenses 12,585 13,103 25,394 25,691 ------ ------ ------ ------ Operating income (loss) 156 (2,813) (380) (6,453) Interest expense, net (694) (657) (1,413) (1,276) Other income (expense), net 471 (1,040) 118 878 --- ------- --- --- Net loss before income taxes (67) (4,510) (1,675) (6,851) Income tax expense (119) (159) (182) (229) ----- ----- ----- ----- Net loss ($186) ($4,669) ($1,857) ($7,080) ===== ======= ======= ======= Net loss per share: Basic and diluted ($0.00) ($0.08) ($0.03) ($0.12)
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SOURCE ATS Medical, Inc.
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