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Volcano Reports Record Third Quarter Revenues
Date:11/8/2007

dicted are detailed in the company's annual report on Form 10-K, quarterly reports on Form 10-Q and other filings made with the Securities and Exchange Commission. Undue reliance should not be placed on forward-looking statements, which speak only as of the date they are made. Volcano undertakes no obligation to update any forward-looking statements to reflect new information, events or circumstances after the date they were made, or to reflect the occurrence of unanticipated events.

VOLCANO CORPORATION

CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands)

(Unaudited)

September 30, December 31,

2007 2006

Assets

Current assets:

Cash and cash equivalents $49,579 $77,738

Short-term available-for-sale

investments 42,781 17,787

Accounts receivable, net 22,801 21,575

Inventories 20,687 13,423

Prepaid expenses and other

current assets 3,646 2,208

Total current assets 139,494 132,731

Restricted cash 361 352

Property and equipment, net 12,552 9,333

Intangible assets, net 9,831 11,946

Other non-current assets 720 363

$162,958 $154,725

Liabilities and Stockholders' Equity

Current liabilities:

Accounts payable $11,832 $8,209


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SOURCE Volcano Corporation
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