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Cardiac Science Announces Q3 Results
Date:11/9/2010

51.5%Service

3,767

28.4%3,722

28.4%Gross profit36,87235.6%37,52532.7%Operating expenses:Research and development

13,100

12.6%11,358

9.9%Sales and marketing

36,429

35.1%34,392

30.0%General and administrative

20,652

19.9%18,536

16.2%Total operating expenses70,18167.7%64,28656.1%Operating loss(33,309)-32.1%(26,761)-23.3%Other income:Interest income

25

0.0%55

0.0%Other income, net

323

0.3%555

0.5%Total other income3480.3%6100.5%Loss before income tax expense:(32,961)-31.8%(26,151)-22.8%Income tax expense

(308)

-0.3%(42,563)

-37.1%Net loss(33,269)-32.1%(68,714)-59.9%Less:  Net income attributable to noncontrolling interests

(204)

-0.2%(476)

-0.4%Net loss attributable to Cardiac Science Corporation$
(33,473)-32.3%$
(69,190)-60.3%Net loss per share attributable to Cardiac Science Corporation:Basic

$
(1.41)$
(2.98)Diluted

$
(1.41)$
(2.98)Weighted average shares outstanding:Basic

23,717,28723,209,181Diluted

23,717,28723,209,181Cardiac Science Corporation and SubsidiariesCondensed Consolidated Balance Sheets (unaudited)(in thousands)September 30, 2010December 31, 2009ASSETSCurrent assets:Cash and cash equivalents

$
,690$
26,866Accounts receivable, net

20,78124,228Inventories

23,90223,581Prepaid expenses and other current assets

2,7753,702Total current assets54,14878,377Other assets

687872Machinery and equipment, net of accumulated depreciation

8,0198,406Deferred income taxes

3131Intangible assets, net of accumulated amortization

25,18327,988Investments in unconsolidated entities

308386Total assets$
88,376$
,060LIABILITIES AND EQUITYCurrent liabilities:Accounts payable

$
,568$
,030Accrued liabilities

13,32312,216Warranty liability

3,9334,028Deferred revenue


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SOURCE Cardiac Science Corporation
Copyright©2010 PR Newswire.
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