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Cyberonics Reports Strong Fiscal 2010 First Quarter Results
Date:8/19/2009

---- ---- Net sales $38,501,237 $33,731,858 Cost of sales 5,340,145 4,816,762 --------- --------- Gross Profit 33,161,092 28,915,096 ---------- ---------- Operating Expenses: Selling, general and administrative 21,618,891 21,524,767 Research and development 5,030,089 4,608,175 ---------- ---------- Total Operating Expenses 26,648,980 26,132,942 ---------- ---------- Income from Operations 6,512,112 2,782,154 Interest income 42,263 508,287 Interest expense (502,685) (1,161,650) -------- ---------- Gain on early extinguishment of debt, net 1,524,330 - Other income, net 492,889 17,234 ------- ------ Income before income tax 8,068,909 2,146,025 Income tax expense 203,450 93,224 Net income $7,865,459 $2,052,801 ========== ========== Basic income per share $0.29 $0.08 Diluted income per share $0.23 $0.08 ----- ----- Shares used in computing basic income per share
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SOURCE Cyberonics, Inc.
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