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STAAR Surgical Reports 33% Third Quarter Revenue Growth
Date:10/28/2008

4 361

Amortization of discount 180 17

Loss on extinguishment of notes

payable - 233

Fair value adjustment of warrant 60 (148)

Loss on disposal of property and

equipment 89 150

Equity in operations of joint

venture - 280

Deferred income tax (18) -

Stock-based compensation expense 1,195 1,074

Loss on settlement of pre-

existing distribution

arrangement 3,850 -

Change in pension accounting 302 -

Other (178) 107

Changes in working capital, net of

effects from purchase of Canon

Staar:

Accounts receivable (2,482) 630

Inventories 1,613 (242)

Prepaids, deposits and other

current assets 434 (677)

Accounts payable (1,892) (636)

Other current liabilities 666 583

Net cash used in operating

activities (7,237) (8,513)

Cash flows from investing activities:

Cash acquired in acquisition of

Canon Staar, net of acquisition

costs 2,215 -

Acquisition of property, plant

and equipment (802) (368)


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SOURCE STAAR Surgical Company
Copyright©2008 PR Newswire.
All rights reserved

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