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Endocare Reports Financial Results for Second Quarter 2008
Date:8/6/2008

Net Revenues Equal to Prior Year and Net Losses Narrowed Compared to Prior

Year

IRVINE, Calif., Aug. 6 /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 that despite flat year-over-year revenue, net losses narrowed year-over-year on higher gross margin during the second quarter ended June 30, 2008.

Total revenues for the second quarter of 2008 were $7.9 million, equal to the second quarter of 2007. Domestic probe sales, as well as the estimated number of domestic cryoablation procedures performed, in the second quarter and the first six months of 2008 and 2007 are summarized in the following table:

Three Months Ended Six Months Ended

June 30, June 30,

2008 2007 2008 2007

Estimated domestic cryoablation

procedures 2,292 2,435 4,860 4,750

Number of cryoprobes sold:

Straight probes 9,074 10,131 19,357 19,895

Right-angle probes 2,054 1,626 3,974 3,073

Total 11,128 11,757 23,331 22,968

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 the second quarter of
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SOURCE Endocare, Inc.
Copyright©2008 PR Newswire.
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