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

76,327 55,139

Operating expenses:

Selling, general and administrative 19,546 16,005 62,405 44,271

Research and development 6,879 4,837 18,823 15,241

In-process research and development - - 12,407 -

Amortization of intangibles 786 751 2,337 2,313

Total operating expenses 27,211 21,593 95,972 61,825

Operating income (loss) 326 (2,404) (19,645) (6,686)

Interest income 1,109 1,213 4,206 3,630

Interest expense (2) (32) (8) (193)

Exchange rate gain (loss) (441) 829 1,091 1,042

Income (loss) before provision for

income taxes 992 (394) (14,356) (2,207)

Provision for income taxes 248 258 707 626

Net income (loss) $744 $(652) $(15,063) $(2,833)

Net income (loss) per share - basic $0.02 $(0.02) $(0.32) $(0.07)

Net income (loss) per share -

diluted $0.01 $(0.02) $(0.32) $(0.07)

Weighted-average shares outstanding

- basic 47,456 38,694 47,236 38,368

Weighted-average shares outstanding

- diluted 50,323 38,694 47,236 38,368

VOLCANO CORPORATION

RECONCILIATION OF GAAP AND NON-GAAP OPERATING RESULTS

(in thousands, except per share data)

(Unaudited)

Three Months Ended September 30, 2008

Stock-based

GAAP compensation Non-GAAP


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

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