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STAAR Surgical Reports Solid First Quarter Progress
Date:5/6/2008

- (12)

Stock-based compensation expense 438 395

Loss on settlement of pre-

existing distribution

arrangement 3,850 -

Other 51 107

Changes in working capital:

Accounts receivable (1,442) (571)

Inventories 1,984 474

Prepaids, deposits and other

current assets (828) (1,166)

Accounts payable 284 13

Other current liabilities 71 916

Net cash used in operating

activities (3,370) (2,726)

Cash flows from investing activities:

Cash acquired in acquisition of

Canon Staar, net of acquisition

costs 2,743 -

Acquisition of property, plant

and equipment (234) (164)

Proceeds from sale of short-term

investments - restricted 33 -

Net change in other assets (1) 2

Net cash provided by (used

in) investing activities 2,541 (162)

Cash flows from financing activities:

Borrowings under notes payable - 4,000

Borrowings under lines of credit 940 -

Repayments of lines of credit (940) (32)

Repayment of capital lease lines

of credit (152) (
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SOURCE STAAR Surgical Company
Copyright©2008 PR Newswire.
All rights reserved

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