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Cyberonics Reports Record Sales and Operating Profit in Fiscal 2010 Second Quarter
Date:11/18/2009

0,848) (929,018) (933,533) (2,090,668) Gain on early extinguishment of debt 672,137 4,612,845 2,196,466 4,612,845 Other income, net 332,905 (162,494) 825,795 (145,260) ------- -------- ------- -------- Income before income tax 9,680,944 8,471,506 17,749,853 10,617,531 Income tax (benefit) expense (40,463,173) 121,304 (40,259,723) 214,528 ----------- ------- ----------- ------- Net income $50,144,117 $8,350,202 $58,009,576 $10,403,003 =========== ========== =========== =========== Basic income per share $1.81 $0.31 $2.10 $0.39 Diluted income per share $1.73 $0.14 $1.96 $0.23 ===== ===== ===== ===== Shares used in computing basic income per share 27,748,669 26,680,551 27,640,539 26,550,667 Shares used in computing diluted income per share 28,876,518 27,516,723 28,873,183 27,632,656 ========== ========== ========== ==========
                        CYBERONICS, INC. AND SUBSIDIARY
                     CONDENSED CONSOLIDATED BALANCE SHEETS
                      (Unaudited except where indicated)



                                October 23, 2009         April 24, 2009
                                ----------------         --------------
                                                           (Audited)
                           ASSETS

    Current Assets
      Cash and cash
       equivalents                $60,498,938             $66,225,479
      Restricted cash               1,000,000               1,000,000
      Accounts receivable,
       net                         24,838,576             
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SOURCE Cyberonics, Inc.
Copyright©2009 PR Newswire.
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