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Alsius Corporation Reports Record Third Quarter 2008 Financial Results and Business Progress
Date:11/6/2008

,176 1,002 3,355 2,595

Sales and marketing 2,892 2,723 9,441 7,755

General and

administrative 1,209 2,104 4,065 3,825

Total operating

expenses 5,277 5,829 16,861 14,175

Loss from operations (4,755) (5,221) (14,790) (13,156)

Interest income 43 385 230 438

Interest expense (150) (418) (533) (3,773)

Other income (expense) - 2 - (79)

Net loss $ (4,862) $ (5,252) $ (15,093) $ (16,570)

Net loss per share-

basic and diluted $ (0.23) $ (0.29) $ (0.72) $ (1.21)

Weighted average

shares outstanding-

basic and diluted 21,076,134 18,297,232 20,859,801 13,735,009

ALSIUS CORPORATION

CONDENSED CONSOLIDATED BALANCE SHEETS

(Unaudited, in thousands, except share data)

September 30, December 31,

2008 2007

ASSETS

Current Assets:

Cash and cash equivalents $ 9,909 $ 24,427

Accounts receivable, net of

allowances of $58 and $44 1,921 2,162

Inventories 5,390 6,680

Prepaid expenses 279 284

Total current assets 17,499 33,553

Property and equipment, net 1,128 1,034

Evaluation equipment, net 1,112 673

Other assets 250 34
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SOURCE Alsius Corporation
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