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LCA-Vision Reports Fourth Quarter and Full-Year 2007 Financial Results
Date:2/11/2008

CINCINNATI, Feb. 11 /PRNewswire-FirstCall/ -- LCA-Vision Inc. (Nasdaq: LCAV), a leading provider of laser vision correction services under the LasikPlus brand, today announced fourth quarter and full-year financial and operational results for the period ended December 31, 2007.

Fourth Quarter Financial & Operational Highlights (all comparisons are versus the fourth quarter of 2006)

-- Revenue increased 24% to $69.7 million from $56.0 million; adjusted

revenue increased 7% to $62.9 million from $58.8 million.

-- Procedure volume decreased 5% to 39,888 from 42,049.

-- Same-store revenue increased 13%; adjusted same-store revenue

decreased 4%.

-- Operating income was $5.9 million compared with $6.9 million; adjusted

operating loss was $0.3 million compared with adjusted operating income

of $9.3 million.

-- Net income and earnings per diluted share were $4.1 million and $0.22,

compared with $5.6 million and $0.27.

-- Repurchased 588,408 shares or approximately $10 million of LCA-Vision

common stock.

-- Opened two new LasikPlus vision centers in Coral Springs, Florida and

Chandler, Arizona.

Full-Year Financial & Operational Highlights (all comparisons are versus the full-year of 2006)

-- Revenue increased 22% to $292.6 million from $238.9 million; adjusted

revenue increased 11% to $284.6 million from $256.9 million.

-- Procedure volume increased 4% to 192,204 procedures from 185,268

procedures.

-- Operating income increased 12% to $45.6 million from $40.8 million;

adjusted operating income was $38.4 million compared with

$57.0 million.

-- Net income and earnings per diluted share were $32.5 million and $1.64,

compared with $28.4 million and $1.34.

-- Repurchased 1,627,638 shares or approximately $44.5 million of

LCA-Vision common stock und
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SOURCE LCA-Vision Inc.
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