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

Full Year 2009 Results

Revenue for the full year 2009 increased 15.0% to $75.7 million compared to $65.8 million for 2008.  On a constant currency basis revenue growth for 2009 was 17.1%.  Heart valve therapy revenue grew 17.7% from $47.6 million in 2008 to $56.0 million in 2009 driven primarily by the expanded launch of the Company's tissue valve products.  Revenue from our CryoMaze cryoablation products increased 11.8% to $18.9 million in 2009.

Operating loss for 2009 was $3.7 million compared with an operating loss of $16.5 million for 2008.  Net loss for 2009 was $6.3 million, or $0.09 per share, compared to $19.3 million, or $0.31 per share for 2008.  Both the operating and net losses for 2009 and 2008 included non-recurring charges related to restructuring costs (2009) and legal settlement costs (2008) of $1.1 million and $7.5 million, respectively.

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