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Cardiogenesis Reports Second Quarter 2009 Results
Date:8/13/2009

====== ===== ====== ===== Weighted average shares outstanding: Basic 45,519 45,293 45,503 45,284 ------ ------ ------ ------ Diluted 45,519 45,306 45,503 45,313 ------ ------ ------ ------


                             CARDIOGENESIS CORPORATION
                       CONDENSED CONSOLIDATED BALANCE SHEETS
                                   (in thousands)

                                                       June 30,  December 31,
                                                         2009        2008
                                                      (unaudited)  (audited)
                                                      -----------   --------
                                 ASSETS

    Current assets:
      Cash and cash equivalents                           $2,709      $2,907
      Accounts receivable, net of allowance for
       doubtful accounts of $7 and $20, respectively         991       1,330
      Inventories                                          1,036       1,164
      Investments in marketable securities                     -          75
      Prepaids and other current assets                      289         395
                                                             ---         ---
        Total current assets                               5,025       5,871
    Property and equipment, net                              397         382
    Other assets, net                                         18          18
                                                             ---         ---
        Total assets                                      $5,440      $6,271
                                                          ======      ======

                  LIABILITIES AND S
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SOURCE Cardiogenesis Corporation
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