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ATS Medical Announces Fourth Quarter and Full Year 2009 Results

2009 ------------- GAAP revenue growth percentage, as reported 3.7% (Fourth quarter 2009 compared to fourth quarter 2008) Adjustments to GAAP revenue growth percentage for: Four more selling days in the fourth quarter of 2008 2.9% Impact of foreign currency translation (2.0%) Discontinuance of the distribution of certain products in the third quarter of 2009 1.3% --- Adjusted revenue growth percentage 5.9% ===
    ATS Medical, Inc.
    Reconciliation of GAAP
       Net Loss to Non-GAAP
    (Unaudited, in thousands)
                              Quarter Ended        Year Ended
                               December 31,       December 31,
                               ------------       ------------
                              2009      2008     2009      2008
                              ----      ----     ----      ----
    Net loss, as
     reported              $(3,481)  $(8,513) $(6,313)  $(19,339)
    Adjustments to net
        Interest expense       642       772    2,723      2,923
        Income tax
         expense (benefit)     (26)      197      288        481
        Depreciation           621       476    2,037      2,134
        Amortization of
         intangibles           812       817    3,224      3,489
                               ---       ---    -----      -----
    Earnings (loss)
     before interest,
     taxes, depreciation
     and amortization     
     (EBITDA)              $(1,432)  $(6,251)  $1,959   $(10,312)
                           =======   =
SOURCE ATS Medical, Inc.
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