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

nsa- research due Non-

GAAP tion and diligence GAAP

results expense development costs results

Revenues $122,242 $- $- $- $122,242

Cost of revenues 45,915 (598) - - 45,317

Gross profit 76,327 598 - - 76,925

Operating expenses:

Selling, general and

administrative 62,405 (5,094) - (2,878) 54,433

Research and development 18,823 (1,305) - - 17,518

In-process research and

development 12,407 - (12,407) - -

Amortization of

intangibles 2,337 - - - 2,337

Total operating

expenses 95,972 (6,399) (12,407) (2,878) 74,288

Operating income (loss) (19,645) 6,997 12,407 2,878 2,637

Interest income 4,206 - - - 4,206

Interest expense (8) - - - (8)

Exchange rate gain 1,091 - - - 1,091

Income (loss) before

provision for income

taxes (14,356) 6,997 12,407 2,878 7,926

Provision for income taxes 707 - - - 707

Net income (loss) $(15,063) $6,997 $12,407 $2,878 $7,219

Net income (loss) per share

- basic $(0.32) $0.15 $0.26 $0.06 $0.15

Net income (loss) per share

- diluted $(0.32) $0.14 $0.25 $0.06 $0.14

Weighted-average shares

outstanding - basic 47,236 47,236

Weighted-average shares

outstanding - diluted 47
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SOURCE Volcano Corporation
Copyright©2008 PR Newswire.
All rights reserved

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