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Cardica Announces Fiscal 2011 Second Quarter Financial Results
Date:1/27/2011

dica, Inc.Statements of Operations(amounts in thousands except per share amounts)Three months endedSix months endedDecember 31,December 31,2010200920102009(unaudited)(unaudited)Revenue  Product sales, net

$
,094$
,023$
2,089$
,840  License and development revenue

84199,109124  Royalty revenue

16223847Total

1,1941,06411,2362,011Operating costs and expenses  Cost of product sales

9616991,9051,539  Research and development

1,9721,2213,3472,364  Selling, general and administrative

1,6111,3613,1062,965Total operating costs and expenses

4,5443,2818,3586,868Income (loss) from operations

(3,350)(2,217)2,878(4,857)Interest and other income

17212327Interest expense

-(30)(11)(60)Net income (loss)

$
(3,333)$
(2,226)$
2,890$
(4,890)Basic net income (loss) per share

$
(0.13)$
(0.09)$
.12$
(0.25)Diluted net income (loss) per share

$
(0.13)$
(0.09)$
.11$
(0.25)Shares used in computing net income   (loss) per shareBasic 

25,39623,94725,00919,874Diluted  

25,39623,94727,18319,874Balance Sheets(amounts in thousands)December 31,June 30,20102010Assets(unaudited)Cash and cash equivalents

$
2,593$
,561Accounts receivable

444376Inventories

6551,131Other assets

2,4111,723Total assets

$
,103$
9,791Liabilities and stockholders' equityAccounts payable and other liabilities

$
,881$
,511Short term debt

-1,400Deferred revenue

1,282403Total stockholders' equity

12,9406,477Total liabilities and stockholders' equity

$
,103$
9,791
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SOURCE Cardica, Inc.
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