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AtriCure Reports Third Quarter 2007 Financial Results
Date:11/6/2007

proceedings, government regulation and stock price volatility. AtriCure does not guarantee any forward-looking statement, and actual results may differ materially from those projected. AtriCure undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.

ATRICURE, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)

Three Months Ended Nine Months Ended

September 30, September 30,

2007 2006 2007 2006

Revenues $12,054,459 $9,358,045 $35,157,448 $27,643,891

Cost of revenues 2,760,418 1,885,946 7,518,066 5,271,104

Gross profit 9,294,041 7,472,099 27,639,382 22,372,787

Operating expenses:

Research and

development

expenses 2,397,837 3,172,286 8,455,098 9,010,950

Selling, general

and administrative

expenses 9,805,004 7,691,260 30,125,026 23,676,328

Total operating

expenses 12,202,841 10,863,546 38,580,124 32,687,278

Loss from operations (2,908,800) (3,391,447) (10,940,742) (10,314,491)

Other income (loss):

Interest income, net 236,499 235,849 562,141 788,149

Grant income 74,190 - 486,523 72,632

Foreign currency

transaction (loss)

gain (65) - 204,393 -

Net loss $(2,598,176) $(3,155,598) $(9,687,685) $(9,453,710)

Basic and diluted loss

per share $(0.18) $(0.26) $(0.74) $(0.78)

Weighted average

shares
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SOURCE AtriCure, Inc.
Copyright©2007 PR Newswire.
All rights reserved

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