Interest expense (144) - (144)
Interest and other income, net 192 - 192
Income before provision for income
taxes 755 809 1,564
Provision for income taxes 254 - 254
Net income $501 $809 $1,310
Net income per share - basic $0.02 $0.02 $0.04
Net income per share - diluted $0.01 $0.02 $0.04
Weighted-average shares
outstanding - basic 32,976 32,976
Weighted-average shares
outstanding - diluted 36,900 36,900
VOLCANO CORPORATION
RECONCILIATION OF GAAP AND NON-GAAP OPERATING RESULTS
(in thousands, except per share data)
(Unaudited)
Nine Months Ended September 30, 2007
Stock-based Write-off of Non-
GAAP compensation deferred debt GAAP
results expense issuance costs results
Revenues $90,605 $- $- $90,605
Cost of revenues 35,466 (434) - 35,032
Gross profit 55,139 434 - 55,573
Operating expenses:
Selling, general
and administrative 44,271 (3,486) - 40,785
Research and
development 15,241 (783) - 14,458
Amortization of
intangibles 2,313 - - 2,313
Total operating
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