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ATS Medical Announces Third Quarter 2009 Results

(284) ----- ---- ----- ----- Net loss ($975) ($3,746) ($2,832) ($10,826) ===== ======= ======= ========= Net loss per share: Basic and diluted ($0.01) ($0.06) ($0.04) ($0.18) ======= ======= ======= ======= Weighted average number of shares outstanding: Basic and diluted 71,941 62,300 71,626 60,691 ====== ====== ====== ======
    ATS Medical, Inc.
    Condensed Consolidated Balance Sheets
    (in thousands)

                                                 October 3,     December 31,
                                                   2009             2008
                                                   ----             ----
    Cash and short-term investments              $12,092          $20,895
    Accounts receivable                           14,416           14,532
    Inventories, net                              21,352           20,208
    Prepaid expenses                               2,160              958
                                                   -----              ---
        Total current assets                      50,020           56,593

    Property and equipment, net                    6,613            7,031
    Intangible assets                             46,738           49,131
    Other assets                                   1,526            2,226
                                                   -----            -----
    Total assets                                $104,897         $114,981
                                                ========         ========

    Liabilities & shareholders' equity
    Accounts payable                              $3,780           $4,054
SOURCE ATS Medical, Inc.
Copyright©2009 PR Newswire.
All rights reserved

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