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ATS Medical Announces Third Quarter Results
Date:11/3/2008

t 9,474 6,844 28,712 19,959

Operating expenses:

Sales and marketing 7,059 5,576 20,693 17,614

Research and

development 1,843 1,815 6,351 5,373

In-process research

and development - - - 3,500

General and

administrative 2,431 2,211 8,199 7,318

Amortization of

intangibles 891 802 2,672 1,631

Intangible asset

impairment - - - 755

Total operating

expenses 12,224 10,404 37,915 36,191

Operating loss (2,750) (3,560) (9,203) (16,232)

Interest expense, net (700) (515) (1,976) (1,267)

Other income

(expense), net (241) 766 637 655

Net loss

before income taxes (3,691) (3,309) (10,542) (16,844)

Income tax expense (55) (1) (284) (3)

Net loss ($ 3,746) ($ 3,310) ($10,826) ($16,847)

Net loss per share:

Basic and diluted ($0.06) ($0.06) ($0.18) ($0.33)

Weighted average

number of shares

outstanding:

Basic and diluted 62,300 59,224 60,691 50,290

ATS Medical, Inc.

Condensed Consolidated Balance Sheets

(in thousands)

September 27, December 31,

2008 2007

Assets

Cash and short-term investments $7,512 $14,669

Accounts receivable 11,839 11,186

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

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