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Endocare Reports 2009 First Quarter Financial Results
Date:5/15/2009

IRVINE, Calif., May 15 /PRNewswire-FirstCall/ -- Endocare, Inc. (Nasdaq: ENDO), an innovative medical device company focused on the development of minimally invasive technologies used by urologists and interventional radiologists for tissue and tumor ablation, today reported results for the first quarter ended March 31, 2009. Highlights of the quarter include a modest year-over-year increase in revenue and strong margins.

Total revenues for the first quarter of 2009 were $8.2 million, up from $8.1 million in the year-earlier period. Sequentially, revenues increased four percent from $7.9 million in the fourth quarter of 2008. Domestic probe sales, as well as the estimated number of domestic cryoablation procedures performed, in the first quarter of 2009 and 2008 are summarized in the following table:

                                                         Three months ended
                             Year ended December 31,          March 31,
                             2006     2007     2008         2008     2009

    Estimated domestic
     cryoablation
     procedures              7,802    9,373    9,358        2,568    2,352

    Number of cryoprobes
     sold:
      Straight probes       33,598   38,909   37,029       10,283    8,841
      Right-angle probes     4,590    6,308    8,113        1,920    2,181

      Total                 38,188   45,217   45,142       12,203   11,022

Probe sales are reported in two categories: straight probes, which are typically, although not always, used in prostate procedures, and right-angle probes, which are typically used in procedures other than prostate procedures.

Gross margin in this year's first quarter improved to 71.4 percent, compared to 69.2 percent in the prior year period and 64.4 percent in the 2
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SOURCE Endocare, Inc.
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