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Cardiogenesis Reports First Quarter 2009 Results
Date:5/14/2009

quarter ended March 31, 2009 as compared with an 82% gross margin percentage in the first quarter of 2008. Gross profit decreased by $141,000 to $2,316,000 for the current year quarter as compared with $2,457,000 for the 2008 first quarter.

Research and development expenses were $288,000 in the first quarter of 2009 as compared with $216,000 in the 2008 first quarter. The dollar increase for the three months ended March 31, 2009 was attributed primarily to an increase in activities supporting clinical trials and studies.

Sales and marketing expenses of $1,469,000 in the quarter ended March 31, 2009 decreased $58,000, or 4%, compared with $1,527,000 for the quarter ended March 31, 2008.

General and administrative expenses for the quarter ended March 31, 2009 totaled $856,000 as compared to $751,000 during the quarter ended March 31, 2008. This represents an increase of $105,000, or 14%.

About Cardiogenesis Corporation

Cardiogenesis is a medical device company specializing in the treatment of cardiovascular disease and is a leader in devices that treat severe angina. The Company's market leading holmium:YAG laser system and single use fiber-optic delivery systems are used to perform a FDA-cleared surgical procedure known as Transmyocardial Revascularization (TMR).

For more information on Cardiogenesis and its products, please visit the Company's website at http://www.cardiogenesis.com or the direct to patient website at http://www.heartofnewlife.com.

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With the exception of historical information, the statements set forth above include forward-looking s
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SOURCE Cardiogenesis Corporation
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