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

13,692

Intangible assets, net 7,439 9,385

Other non-current assets 886 798

$260,995 $266,574

Liabilities and Stockholders' Equity

Current liabilities:

Accounts payable $13,139 $11,077

Accrued compensation 9,502 9,083

Accrued expenses and other current

liabilities 7,441 6,600

Deferred revenues 4,419 5,360

Current maturities of long-term debt 58 120

Total current liabilities 34,559 32,240

Long-term debt 49 78

Deferred license fee 938 1,125

Other 142 194

Total liabilities 35,688 33,637

Stockholders' equity 225,307 232,937

$260,995 $266,574

VOLCANO CORPORATION

CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands, except per share data)

(Unaudited)

Three Months Ended Nine Months Ended

September 30, September 30,

2008 2007 2008 2007

Revenues $44,118 $31,474 $122,242 $90,605

Cost of revenues 16,581 12,285 45,915 35,466

Gross profit 27,537 19,189
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SOURCE Volcano Corporation
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