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

- 4,500 Other accrued liabilities 2,319 2,257 ----- ----- Total current liabilities 11,199 18,904 Convertible senior notes payable 17,593 17,533 Bank notes payable 2,426 3,969 Shareholders' equity 74,197 74,575 ------ ------ Total liabilities & shareholders' equity $105,415 $114,981 ======== ========

    ATS Medical, Inc.
    Consolidated Condensed Statements of Cash Flow
    (in thousands)
    --------------

                                                        Six Months Ended
                                                        ----------------
                                                    July 4,           June 28,
                                                     2009               2008
                                                     ----               ----
    Operating activities
    Net loss                                      ($1,857)           ($7,080)
    Adjustments to reconcile net loss
     to net cash
           used in operating activities:
        Depreciation and amortization               2,540              2,946
        Stock-based compensation expense            1,197                769
        Deferred income taxes                         141                 96
        Non-cash interest expense                     431                317
        Change in value of warrant
         liability and derivative liability           (18)              (273)
            bifurcated from convertible senior
 
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SOURCE ATS Medical, Inc.
Copyright©2009 PR Newswire.
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