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LCA-Vision Reports Third Quarter 2008 Financial Results
Date:10/28/2008

(724) 1,474 842 4,900

Other income (expense), net - - 18 (31)

(Loss) income before taxes (6,753) 15,848 2,673 45,180

Income tax (benefit) expense (2,036) 5,830 1,088 16,822

Net (loss) income $(4,717) $10,018 $1,585 $28,358

(Loss) income per common share

Basic $ (0.25) $0.51 $0.09 $1.43

Diluted $ (0.25) $0.51 $0.09 $1.41

Dividends declared per share $ - $0.18 $0.24 $0.54

Weighted average shares outstanding

Basic 18,537 19,521 18,519 19,834

Diluted 18,537 19,754 18,572 20,147

LCA-Vision Inc.

Condensed Consolidated Balance Sheets (Unaudited)

(Dollars in thousands)

Assets September 30, 2008 September 30, 2007

Current assets

Cash and cash equivalents $24,669 $17,614

Short-term investments 37,993 42,534

Patient receivables, net of

allowance for doubtful accounts

of $1,945 and $2,987 10,957 12,712

Other accounts receivable 2,260 5,941

Prepaid professional fees 1,105 1,872

Prepaid income taxes 2,880 6,391

Deferred tax assets 3,385 3,450

Prepaid expenses and other 5,238 5,076

Total current assets 88,487 95,590

Property and equipment 122,080 106,788

Accumulated depreciation and

amortiza
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SOURCE LCA-Vision Inc.
Copyright©2008 PR Newswire.
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