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Volcano Reports 22 Percent Increase in Third Quarter Revenues
Date:11/5/2009

and Exchange Commission. Undue reliance should not be placed on forward-looking statements, which speak only as of the date they are made. Volcano undertakes no obligation to update any forward-looking statements to reflect new information, events or circumstances after the date they are made, or to reflect the occurrence of unanticipated events.

                               VOLCANO CORPORATION
                      CONDENSED CONSOLIDATED BALANCE SHEETS
                                 (in thousands)

                                                    September 30, December 31,
                                                         2009         2008
                                                         ----         ----
                                                      (unaudited)
     Assets
     Current assets:
       Cash and cash equivalents                        $48,512     $100,949
       Short-term available-for-sale investments         80,308       48,941
       Accounts receivable, net                          38,923       41,795
       Inventories                                       36,457       28,936
       Prepaid expenses and other current assets          5,492        5,869
                                                          -----        -----
         Total current assets                           209,692      226,490
     Restricted cash                                        553          327
     Property and equipment, net                         44,752       30,007
     Intangible assets, net                              12,624       15,636
     Goodwill                                               931          842
     Other non-current assets                             2,041        2,177
                                                          -----        -----
                                                       $270,593     $275,479
                                                       ========     ======
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SOURCE Volcano Corporation
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