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Cardiac Science Announces Q3 Results




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



9.9%Sales and marketing



30.0%General and administrative



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



0.0%Other income, net



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



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



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


(2.98)Weighted average shares outstanding:Basic


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

26,866Accounts receivable, net


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$
,060LIABILITIES AND EQUITYCurrent liabilities:Accounts payable

,030Accrued liabilities

13,32312,216Warranty liability

3,9334,028Deferred revenue

SOURCE Cardiac Science Corporation
Copyright©2010 PR Newswire.
All rights reserved

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