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Cardica Announces Fiscal 2010 First Quarter Financial Results and Business Progress
Date:10/29/2009

(unaudited) Revenue Product sales, net $817 $1,560 Development revenue 105 523 Royalty revenue 25 23 -- -- Total 947 2,106 Operating costs and expenses Cost of product sales 840 1,110 Research and development 1,143 2,325 Selling, general and administrative 1,604 3,892 ----- ----- Total operating costs and expenses 3,587 7,327 ----- ----- Loss from operations (2,640) (5,221) Interest and other income 6 97 Interest expense (30) (30) ------- ------- Net loss $(2,664) $(5,154) ======= ======= Basic and diluted net loss per share $(0.17) $(0.33) ====== ====== Shares used in computing basic and diluted net loss per share 15,796 15,741 ====== ====== Balance Sheets (amounts in thousands) September 30, June 30, 2009 2009 ---- ---- Assets (unaudited) Cash
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