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Cardica Announces Fiscal 2011 Third Quarter Financial Results
Date:5/10/2011

011 was approximately $0.7 million, or $0.03 per share, compared to $7.9 million, or $0.37 per share, for the same period of fiscal 2010.

Cash and short term investments at March 31, 2011 were approximately $11.2 million compared with $6.6 million at June 30, 2010. As of March 31, 2011, there were approximately 26.2 million shares of common stock outstanding.  

Conference Call DetailsTo access the live conference call today at 4:30 p.m. Eastern Time via phone, please dial 888-873-4896 from the United States and Canada or 617-213-8850 internationally. The conference ID is 13034817. Please dial in approximately 10 minutes prior to the start of the call. A telephone replay will be available beginning approximately two hours after the call through May 17, 2011, and may be accessed by dialing 888-286-8010 from the United States and Canada or 617-801-6888 internationally. The replay passcode is 54528594.

To access the live and subsequently archived webcast of the conference call, go to the Investor Relations section of the company's website at www.cardica.com. Please connect to the website at least 15 minutes prior to the presentation to allow for any necessary software downloads.

The webcast is also being distributed through the Thomson StreetEvents Network. Individual investors can listen to the call at www.earnings.com, Thomson's individual investor portal, powered by StreetEvents. Institutional investors can access the call via Thomson StreetEvents at www.streetevents.com, a password-protected event management site.

About Cardica Cardica designs and manufactures proprietary stapling and anastomotic devices for cardiac and endoscopic surgical procedures. Cardica's technology portfolio is intended to minimize operating time and enable minimally-invasive and robot-assisted surgeries. Cardica manufactures and m
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