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Angeion Corporation Reports First Quarter Fiscal Year 2012 Operating Results
Date:2/28/2012

nancial Officer

(602) 889-9700(651) 766-4874

angn@lythampartners.comANGEION CORPORATION AND SUBSIDIARIESConsolidated Balance SheetsJanuary 31, 2012 and October 31, 2011(In thousands except share and per share data)January 31,2012October 31,2011ASSETS(Unaudited)Current Assets:Cash and cash equivalents$   8,674$   8,461Short-term investments481723Accounts receivable, net of allowance for doubtful accounts of $93
and $96, respectively4,8985,958Inventories, net of obsolescence reserve of $478 and $431,
respectively4,1223,750Prepaid expenses and other current assets 198235Total Current Assets18,37319,127Property and equipment, net of accumulated depreciation of $3,798
and $3,735, respectively423444Intangible assets, net1,2901,201Total Assets$  20,086$  20,772LIABILITIES AND SHAREHOLDERS' EQUITYCurrent Liabilities:Accounts payable$   1,833$   2,022Employee compensation1,2791,481Deferred income1,5911,771Warranty reserve122141Other current liabilities and accrued expenses230221Total Current Liabilities5,0555,636Long-term Liabilities:Long-term deferred income and other814817Total Liabilities5,8696,453Commitments and Contingencies--Shareholders' Equity:Common Stock, $0.10 par value, authorized 25,000,000 shares,
3,961,742 and 3,905,648 shares issued and 3,797,800 and
3,778,796 shares outstanding in 2012 and 2011, respectively380378Additional paid-in capital20,76820,622Accumulated deficit(6,932)(6,683)Accumulated other comprehensive income12Total Shareholders' Equity14,21714,319Total Liabilities and Shareholders' Equity$  20,086$  20,772ANGEION CORPORATION AND SUBSIDIARIESConsolidated Statements of Operations(Unaudited, in thousands except per share data)Three Months EndedJanuary 31,20122011RevenuesEquipment, supplies and accessories
revenues$  5,976$  6,144Service revenues1,0839097,0597,053Cost of revenuesCost of equipment, supplies and accessories'/>"/>

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