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

20,181 18,743

Prepaid expenses 932 1,143

Total current assets 40,464 45,741

Property and equipment, net 7,288 7,739

Intangible assets 49,948 50,779

Other assets 1,436 1,638

Total assets $99,136 $105,897

Liabilities & shareholders' equity

Accounts payable $4,977 $4,794

Accrued compensation 2,703 2,361

Other accrued liabilities 2,027 2,000

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

Payable to CryoCath Technologies Inc. 1,866 -

Warrant liability - 3,913

Total current liabilities 14,219 15,525

Convertible senior notes payable 17,502 17,436

Bank notes payable 4,631 6,143

Payable to CryoCath Technologies Inc. - 1,742

Deferred income taxes 239 95

Shareholders' equity 62,545 64,956

Total liabilities & shareholders' equity $99,136 $105,897

ATS Medical, Inc.

Consolidated Condensed Statements of Cash Flow

(in thousands)

Nine Months Ended

September 27, September 30,

2008 2007

Operating activities

Net loss ($10,826) ($16,847)

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

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