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STAAR Surgical Reports Solid First Quarter Progress

es 6,999 6,363

Total current liabilities 16,074 11,288

Notes payable - long-term, net of

discount 4,225 4,166

Deferred income taxes - long-term 3,071 570

Other long-term liabilities 2,721 1,930

Total liabilities 26,091 17,954

Series A convertible preferred stock 6,756 -

Stockholders' equity - net 29,692 36,225

Total liabilities, convertible

preferred stock and equity $62,539 $54,179

STAAR Surgical Company

Condensed Consolidated Statements of Cash Flows

(in 000's)


Three Months Ended

March 28, March 30,

2008 2007

Cash flows from operating activities:

Net loss $(8,940) $(3,521)

Adjustments to reconcile net loss

to net cash used in operating


Depreciation of property, plant

and equipment 802 466

Amortization of intangibles 250 120

Amortization of discount 59 -

Fair value adjustment of warrant (24) -

Loss on disposal of property and

equipment 75 53

Equity in operations of joint


SOURCE STAAR Surgical Company
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All rights reserved

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