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

ock 14,129 12,189

Additional paid-in capital 103,439,341 86,646,064

Other comprehensive income 12,364 90,673

Accumulated deficit (65,742,349) (56,054,664)

Total stockholders' equity 37,723,485 30,694,262

Total liabilities and stockholders'

equity $45,941,964 $39,128,065

ATRICURE, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

Nine Months Ended September 30,

2007 2006

Cash flows from operating activities:

Net loss $(9,687,685) $(9,453,710)

Adjustments to reconcile net loss

to net cash used in

operating activities:

Depreciation and amortization 1,662,198 1,364,958

Loss (gain) on disposal of

equipment 6,852 (20,000)

Provision for accounts receivable (40,297) 81,420

Share-based compensation expense 1,376,809 649,422

Changes in assets and liabilities:

Accounts receivable (759,473) (1,302,110)

Inventories, net (337,010) (1,114,411)

Other current assets (128,563) (614,958)

Accounts payable and accrued

liabilities (160,272) 364,332

Other non-current assets and

liabilities 255,249 60,988

Net cash used in


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SOURCE AtriCure, Inc.
Copyright©2007 PR Newswire.
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