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Cardiogenesis Reports Fourth Quarter and Full Year 2010 Results
Date:3/9/2011

(1,118)Other income (expense):Interest expense

(3)

(1)

(6)

(36)Interest income

1

2

3Other income (expense)

178

(43)

176

(63)Total other income (expense), net

176

(44)

172

(96)Income (loss) before provision for income taxes

(557)

415

(1,267)

(1,214)Provision for income taxes

  1

  6

15

20Net income (loss)

$
(558)

$
409

$
(1,282)

$
(1,234)
Net income (loss) per share:Basic and diluted

$
(0.01)

$
.01

$
(0.03)

$
(0.03)
Weighted average shares outstanding:Basic and diluted

45,888

45,549

45,768

45,526CARDIOGENESIS CORPORATIONCONDENSED CONSOLIDATED BALANCE SHEETS(in thousands)Years ended December 31,20102009(audited)ASSETSCurrent assets:Cash and cash equivalents

$
,810

$  2,568Accounts receivable, net of allowance for doubtful accounts of $11 and $6, respectively

1,375

933Inventories

627

914Prepaids and other current assets

412

253Total current assets

4,224

4,668Property and equipment, net

275

341Other assets

  —

  9Total assets


SOURCE Cardiogenesis Corporation
Copyright©2010 PR Newswire.
All rights reserved

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