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ATS Medical Announces Fourth Quarter and Full Year 2009 Results
Date:3/1/2010

and uncertainties that could affect the Company's activities and results, please refer to the Company's filings with the Securities and Exchange Commission, including its Form 10-K for the year ended December 31, 2008 and its most recent quarterly report on Form 10-Q.

    
    
    ATS Medical, Inc.
    Condensed Consolidated Statements
       of Operations
    (in thousands except per share amounts)
    ---------------------------------------
    
                                      (Unaudited)
                                     Quarter Ended           Year Ended
                                     December 31,            December 31,
                                     ------------            ------------
                                   2009          2008     2009          2008
                                   ----          ----     ----          ----
    Net sales                   $18,699       $18,032  $75,710       $65,821
    Cost of goods sold            6,668         6,190   26,821        25,267
                                  -----         -----   ------        ------
    Gross profit                 12,031        11,842   48,889        40,554
    
    Operating expenses:
          Sales and marketing     8,641         6,680   30,617        27,373
          Research and
           development            2,776         1,864    8,863         8,215
          General and
           administrative         2,560         2,310    9,905        10,509
          Litigation settlement       -         7,500        -         7,500
          Amortization of
           intangibles              812           817    3,224         3,489
                                    ---           ---    -----         -----
               Total operating
                expenses         14,789        19,171   52,609        57,086
                                 ------        ------   ------        ------
    Operating loss           
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SOURCE ATS Medical, Inc.
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