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

2007

Assets

Cash and short-term investments $10,914 $ 14,669

Accounts receivable 12,853 11,186

Inventories 20,024 18,743

Prepaid expenses 1,165 1,143

Total current assets 44,956 45,741

Property and equipment, net 7,484 7,739

Intangible assets 49,839 50,779

Other assets 1,444 1,638

Total assets $103,723 $105,897

Liabilities & shareholders' equity

Accounts payable $5,230 $4,794

Accrued compensation 2,830 2,361

Other accrued liabilities 2,577 2,000

Current maturities of bank notes payable 2,646 2,457

Warrant liability - 3,913

Total current liabilities 13,283 15,525

Convertible senior notes payable 17,478 17,436

Bank notes payable 5,292 6,143

Payable to CryoCath Technologies Inc. 1,824 1,742

Deferred income taxes 191 95

Shareholders' equity 65,655 64,956

Total liabilities & shareholders' equity $103,723 $105,897

ATS Medical, Inc.

Consolidated Condensed Statements of Cash Flow

(in thousands)

Six Months Ended

June 28, June 30,


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

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