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ATS Medical Announces Second Quarter Results
Date:8/4/2008

31,071

Other 31 62

Net cash provided by financing activities 2,750 37,406

Effect of foreign exchange rate changes (117) (89)

Increase in cash and cash equivalents $427 $13,162

ATS Medical, Inc.

Selected Revenue Information

(in thousands)

Quarter Ended Six Months Ended

June 28, June 30, June 28, June 30,

2008 2007 2008 2007

Heart valve therapy $12,093 $10,780 $22,774 $19,771

Surgical arrhythmia 4,386 1,341 8,234 2,819

Surgical tools &

accessories 421 296 737 623

Total revenue $16,900 $12,417 $31,745 $23,213

ATS Medical, Inc.

Reconciliation of GAAP Financial Measures to Non-GAAP Financial Measures

(in thousands)

Unaudited

Quarter Ended

June 28, 2008

Net loss, as reported $(4,669)

Adjustment to net loss:

Mark to market charge-ALTA warrant 1,278

Net loss, as adjusted $(3,391)

Net loss per share, as reported:

Basic and diluted $(0.08)

Adjustment to net loss per share:

Mark to market charge-ALTA warrant 0.02

Net loss per share, as adjusted:

Basic and diluted $(0.06)

Weighted average number of shares outstanding,

basic and diluted 60,018


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SOURCE ATS Medical, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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