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Cardiogenesis Reports Fourth Quarter and Full-Year 2009 Results
Date:3/3/2010

ey">$10,354,000, a 15% decrease from revenues of $12,150,000 in 2008.  Full-year handpiece revenue totaled $7,657,000, a decrease of $374,000, or 5%, from handpiece revenue of $8,031,000 for the year ended December 31, 2008.  Laser revenue for the year ended December 31, 2009, reflecting the challenging capital equipment environment in 2009, was $1,453,000, a decrease of $1,505,000 from full-year 2008.

For the year ended December 31, 2009, Cardiogenesis reported an operating loss of $1,118,000 as compared with an operating loss of $320,000 for the same period in 2008.  The net loss for 2009 was $1,234,000 or $0.03 per basic and diluted share, compared with a net loss of $315,000, or $0.01 per basic and diluted share, for full year 2008.

Gross margin was 84% of net revenues for the quarter ended December 31, 2009 as compared with 73% for the quarter ended December 31, 2008.  Gross profit increased by $851,000 to $2,632,000 for the fourth quarter of 2009 as compared with $1
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SOURCE Cardiogenesis Corporation
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