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Cardiogenesis Reports Third Quarter 2009 Results
Date:11/10/2009

pprovals; failure of the medical community to expand its acceptance of TMR procedures; possible adverse governmental rulings or regulations, including any FDA regulations or rulings; the Company's ability to comply with international and domestic regulatory requirements; possible adverse Medicare or other third-party reimbursement policies or adverse changes in those policies; any inability by the Company to ship product on a timely basis; the Company's ability to manage its growth; the effects of recent disruptions in global credit and equity markets and other adverse economic developments that could adversely affect the market for our products or our ability to raise needed financing; actions by our competitors; and the Company's ability to protect its intellectual property. Other factors that could cause Cardiogenesis' actual results to differ materially are discussed in the "Risk Factors" section of the Company's Annual Report on Form 10-K for the year ended December 31, 2008 and the Company's other filings with the Securities and Exchange Commission. The Company disclaims any obligation to update any forward-looking statements as a result of developments occurring after the date of this press release.

                           CARDIOGENESIS CORPORATION
                      CONDENSED CONSOLIDATED STATEMENTS OF
                                 OPERATIONS
                    (in thousands, except per share amounts)
                                   (unaudited)

                                       Three months ended   Nine months ended
                                           September 30,      September 30,
                                         2009        2008     2009     2008
                                         ----        ----     ----     ----
    Net revenues                       $2,134      $2,618   $7,222   $9,719
    Cost of revenues                      380         474    1,307    1,589
                                   
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SOURCE Cardiogenesis Corporation
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