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ATS Medical Announces Third Quarter 2009 Results
Date:11/2/2009

nt quarterly report on Form 10-Q.

    ATS Medical, Inc.
    Condensed Consolidated Statements of Operations
    (in thousands except per share amounts)
    ---------------------------------------

                                         Quarter Ended     Nine Months Ended
                                         -------------     -----------------
                                        October September October   September
                                           3,       27,      3,         27,
                                          2009     2008     2009       2008
                                          ----     ----     ----       ----

    Net sales                           $18,827  $16,044  $57,011    $47,789
    Cost of goods sold                    6,983    6,570   20,153     19,077
                                          -----    -----   ------     ------
    Gross profit                         11,844    9,474   36,858     28,712

    Operating expenses:
          Sales and marketing             6,950    7,059   21,976     20,693
          Research and development        2,226    1,843    6,087      6,351
          General and administrative      2,438    2,431    7,345      8,199
          Amortization of intangibles       812      891    2,412      2,672
                                            ---      ---    -----      -----
               Total operating expenses  12,426   12,224   37,820     37,915
                                         ------   ------   ------     ------
    Operating loss                         (582)  (2,750)    (962)    (9,203)

    Interest expense, net                  (644)    (700)  (2,057)    (1,976)
    Other income (expense), net             383     (241)     501        637
                                            ---    -----      ---        ---

    Net loss before income taxes           (843)  (3,691)  (2,518)   (10,542)
    Income tax expense                     (132)     (55)    (314)    
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SOURCE ATS Medical, Inc.
Copyright©2009 PR Newswire.
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