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

24,541 10,359 37,027 20,914

Operating Expenses:

Sales and marketing 7,188 6,470 14,343 12,975

Research and development 2,495 2,504 4,964 4,910

General and administrative 5,298 4,440 9,549 8,901

Total operating expenses 14,981 13,414 28,856 26,786

Income (loss) from operations 9,560 (3,055) 8,171 (5,872)

Interest and other income, net 279 751 1,217 1,624

Income (loss) before provision

for taxes 9,839 (2,304) 9,388 (4,248)

Provision for income taxes 524 8 493 18

Net Income (loss) $9,315 $(2,312) $8,895 $(4,266)

Basic net income (loss) per share $0.59 $(0.15) $0.56 $(0.28)

Diluted net income (loss) per share $0.56 $(0.15) $0.54 $(0.28)

Basic weighted average number of

shares 15,845 15,286 15,796 15,223

Diluted weighted average number of

shares 16,588 15,286 16,549 15,223

Reconciliation of income (loss)

from operations to Adjusted EBIDTA:

Income (loss) from operations $9,560 $(3,055) $8,171 $(5,872)

Stock-based compensation 1,037 533 1,703 1,022

Depreciation and amortization 435 289 738 564

Adjusted EBIDTA $11,032 $(2,233) $10,612 $(4,286)

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

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