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STAAR Surgical Reports Third Quarter Results
Date:10/30/2007

ows

(in 000's)

Unaudited

Nine Months Ended

September September

28 29,

2007 2006

Cash flows from operating

activities:

Net loss $(11,708) $(9,369)

Adjustments to reconcile net loss

to net cash used in operating

activities:

Depreciation of property, plant

and equipment 1,465 1,391

Amortization of intangibles 360 361

Amortization of note discount 17 -

Loss on extinguishment of debt 272 -

Fair value adjustment of warrant

obligation (148) -

Loss on disposal of fixed assets 191 144

Equity in operations of joint

venture 280 24

Stock-based compensation 1,098 1,333

Note receivable reserve

(reversal) charge - (331)

Other 107 (44)

Changes in working capital:

Accounts receivable 456 (1,296)

Inventories (728) 946

Prepaids, deposits and other

current assets (894) (806)

Accounts payable (382) 168

Other current liabilities 685 243

Net cash used in operating

activities (8,929) (7,236)

Cash flows from investing activities:

Acquisition of property, plant

and equipment (379) (747)

Proceeds from sale lease bac
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SOURCE STAAR Surgical Company
Copyright©2007 PR Newswire.
All rights reserved

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