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

-money">$11.3 million.  Tissue heart valve revenue for the fourth quarter increased 201% from the prior year's quarter to $1.5 million.  U.S. tissue heart valve revenue represented approximately 64% of the Company's worldwide tissue heart valve revenue during the quarter.  Heart valve repair revenue was $1.1 million, an increase of 29.5% over the fourth quarter of 2008.

Revenue from the Company's ATS CryoMaze® cryoablation products for the treatment of cardiac arrhythmias was $4.8 million, an increase of 2.6% compared to the $4.6 million in fourth quarter of 2008.

Gross profit margin for the fourth quarter of 2009 was 64.3% vs. 65.7% in the fourth quarter of 2008.  The year-over-year gross margin decline is primarily the result of shifts in geographic and product mix.

Operating loss for the fourth quarter of 2009 was $2.8 million compared with an operating loss of $7.3 million in the fourth quarter of 2008.  The GAAP net loss for the fourth quarter of 2009 was $3.5 million, or $0.05 per share, compared with $8.5 million, or

SOURCE ATS Medical, Inc.
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