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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

Accounts payable $2,911 $2,366

Accrued compensation and benefits 5,269 6,040

Other accrued liabilities 1,926 1,571

Deferred revenue, net 817 720

Total current liabilities 10,923 10,697

Other long term liabilities 1,942 1,996

Total liabilities 12,865 12,693

Stockholders' equity:

Common stock 16 15

Additional paid-in capital 124,362 122,009

Deferred stock compensation (8) (23)

Accumulated other comprehensive income (34) 21

Accumulated deficit (39,638) (48,533)

Total stockholders' equity 84,698 73,489

Total liabilities and stockholders'

equity $97,563 $86,182

VNUS MEDICAL TECHNOLOGIES, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands, except per share data)

(unaudited)

Three months ended Six months ended

June 30, June 30,

2008 2007 2008 2007

Net product revenues $21,516 $17,189 $40,392 $32,838

Royalty revenues 10,402 - 10,402 -

Net revenues 31,918 17,189 50,794 32,838

Cost of revenues 7,377 6,830 13,767 11,924

Gross profit
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SOURCE VNUS Medical Technologies, Inc.
Copyright©2008 PR Newswire.
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