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Volcano Reports 40 Percent Growth in Quarterly Revenues
Date:11/5/2008

enues 12,285 (181) 12,104

Gross profit 19,189 181 19,370

Operating expenses:

Selling, general and administrative 16,005 (1,437) 14,568

Research and development 4,837 (359) 4,478

Amortization of intangibles 751 - 751

Total operating expenses 21,593 (1,796) 19,797

Operating loss (2,404) 1,977 (427)

Interest income 1,213 - 1,213

Interest expense (32) - (32)

Exchange rate gain 829 - 829

Income (loss) before provision for

income taxes (394) 1,977 1,583

Provision for income taxes 258 - 258

Net income (loss) $(652) $1,977 $1,325

Net income (loss) per share - basic $(0.02) $0.05 $0.03

Net income (loss) per share -

diluted $(0.02) $0.05 $0.03

Weighted-average shares outstanding

- basic 38,694 38,694

Weighted-average shares outstanding

- diluted 38,694 41,710

VOLCANO CORPORATION

RECONCILIATION OF GAAP AND NON-GAAP OPERATING RESULTS

(in thousands, except per share data)

(Unaudited)

Nine Months Ended September 30, 2008

Stock- In-

based process Acquisition

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SOURCE Volcano Corporation
Copyright©2008 PR Newswire.
All rights reserved

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