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Cyberonics Reports Strong Sales Growth and Profitability in Fiscal 2009 Second Quarter
Date:11/19/2008

nd equipment, net and Other assets 7,400,495 9,194,668 Total Assets $112,469,446 $136,231,087 LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) Current Liabilities $15,718,060 $17,287,952 Long-Term Liabilities: Convertible Notes 84,650,000 125,000,000 Deferred license revenue and other 8,413,214 9,166,440 Total Long Term Liabilities 93,063,214 134,166,440 Total Liabilities 108,781,274 151,454,392 Stockholders' equity (deficit) 3,688,172 (15,223,305) Total Liabilities and Stockholders' Equity (Deficit) $112,469,446 $136,231,087 CYBERONICS, INC. AND SUBSIDIARY CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) For the Thirteen Weeks For the Twenty-Six Weeks Ended Ended October 24, October 26, October 24, October 26, 2008 2007 2008 2007 Net sales $36,031,971 $28,946,696 $69,763,829 $58,022,165 Cost of sales 5,177,800 4,576,104 9,994,562 10,127,871 Gross Profit 30,854,171 24,370,592 59,769,267 47,894,294 Operating Expenses: Selling, general and administrative 21,531,424 22,092,842 43,056,191 47,217,935 Research and development 4,806,220 5,886,095 9,414,395 12,193,818 Total Operating Expenses 26,337,644 27,978,937 52,470,586 59,411,753 Income (loss) from Operations 4,516,527 (3,608,345) 7,298,681
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SOURCE Cyberonics, Inc.
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Related medicine news :

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5. Cyberonics to Present at Canaccord Adams 28th Annual Global Growth Conference
6. Cyberonics Announces Conference Call to Discuss Fiscal Year 2009 First Quarter Financial Results
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