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LCA-Vision Announces Fourth Quarter and Full Year 2008 Financial Results
Date:2/10/2009

lca-vision.com/" target="_new">www.lca-vision.com and www.lasikplus.com.

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    For Additional Information
    Company Contact:                          Investor Relations Contact:
    Barb Kise                                 Jody Cain
    LCA-Vision Inc.                           Lippert/Heilshorn & Associates
    513-792-9292                              310-691-7100


                                     LCA-VISION INC.
                      CONDENSED CONSOLIDATED STATEMENTS OF INCOME
                      (Dollars in thousands except per share data)

                                       Three Months Ended Twelve Months Ended
                                          December 31,         December 31,
                                        2008      2007       2008      2007

    Revenue -- Laser refractive
     surgery                          $34,029   $69,702   $205,176  $292,635

    Operating costs and expenses
      Medical professional and
       license fees                     7,575    11,574     41,797    49,312
      Direct costs of services         15,504    25,024     77,474    97,423
      General and administrative
       expenses                         5,125     7,432     20,262    22,657
      Marketing and advertising         8,685    16,369     52,429    66,469
      Depreciation                      4,597     3,451     17,972    11,209
      Restructuring expense             1,584         -      2,923         -
       Impairment of fixed assets         553         -        553         -

    Operating (loss) income            (9,594)    5,852     (8,234)   45,565

    Equity in earnings from
     unconsolidated businesses             24       217        477     
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SOURCE  LCA-Vision Inc.
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