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

2007

Net sales $16,900 $12,417 $31,745 $23,213

Cost of goods sold 6,610 5,545 12,507 10,098

Gross profit 10,290 6,872 19,238 13,115

Operating expenses:

Sales and marketing 7,147 6,115 13,634 12,038

Research and

development 2,302 1,901 4,508 3,558

In-process research

and development - 3,500 - 3,500

General and

administrative 2,764 2,491 5,768 5,107

Amortization of

intangibles 890 414 1,781 829

Intangible asset

impairment - 755 - 755

Total operating

expenses 13,103 15,176 25,691 25,787

Operating loss (2,813) (8,304) (6,453) (12,672)

Interest expense, net (657) (307) (1,276) (752)

Other income (expense),

net (1,040) (105) 878 (111)

Net loss before income

taxes (4,510) (8,716) (6,851) (13,535)

Income tax expense (159) (1) (229) (2)

Net loss ($ 4,669) ($ 8,717) ($7,080) ($13,537)

Net loss per share:

Basic and diluted ($0.08) ($0.18) ($0.12) ($0.30)

Weighted average

number of shares

outstanding:

Basic and diluted 60,018 49,406 59,877 45,749

ATS Medical, Inc.

Condensed Consolidated Balance Sheets

(in thousands)

June 28, December 31,

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

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