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VNUS Medical Technologies Reports Second-Quarter 2008 Results: 25% Growth in Net Product Revenues and 38% Growth in Unit Sales
Date:7/29/2008

et conditions. The reader is cautioned not to unduly rely on these forward-looking statements. VNUS expressly disclaims any intent or obligation to update these forward-looking statements except as required by law.

Additional information concerning these and other risk factors can be found in press releases issued by VNUS and VNUS' periodic public filings with the Securities and Exchange Commission (SEC), including its Annual Report on Form 10-K filed with the SEC on March 14, 2008 and its Quarterly Report on Form 10-Q filed with the SEC on May 1, 2008. Copies of VNUS' press releases and additional information about VNUS are available on the corporate website at http://www.vnus.com.

--Financial Statements Attached--

VNUS MEDICAL TECHNOLOGIES, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands)

(unaudited)

ASSETS June 30, December 31,

2008 2007

Current assets:

Cash and cash equivalents $44,079 $39,269

Short-term investments 30,613 24,067

Accounts receivable, net 11,067 11,456

Inventories 5,663 5,485

Prepaid expenses and other current assets 1,729 1,421

Total current assets 93,151 81,698

Property and equipment, net 4,282 4,354

Other assets 130 130

Total assets $97,563 $86,182

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:


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SOURCE VNUS Medical Technologies, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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