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CryoLife 2012 Annual Revenues Grew to a Record $131.7 Million
Date:2/14/2013

were $2.0 million for the fourth quarter of 2012 compared to $2.4 million for the fourth quarter of 2011.  The decrease in revascularization technologies revenues was due to a decrease in laser console revenues partially offset by a 6 percent increase in handpiece and accessory revenues.  Revascularization technologies revenues were $8.1 million for the full year of 2012 compared to $5.7 million in the full year of 2011.  The increase in revascularization technologies year-over-year is a result of the Company's acquisition of Cardiogenesis in May 2011.

HeRO® Graft revenues were $1.1 million for the fourth quarter of 2012 and $3.1 million for the full year of 2012 as a result of the Company's acquisition of Hemosphere in May 2012.Preservation services revenues were $15.2 million for the fourth quarter of 2012 compared to $14.8 million for the fourth quarter of 2011, an increase of 3 percent.  Cardiac preservation services revenues increased 7 percent for the fourth quarter of 2012 primarily due to an increase in shipments of cardiac tissues, while vascular preservation service revenues in the fourth quarter of 2012 were flat compared to the fourth quarter of 2011.

Preservation services revenues were $63.6 million for the full year of 2012 compared to $59.8 million in the full year of 2011, an increase of 6 percent.  Cardiac preservation services revenues increased 12 percent for the full year of 2012 primarily due to an increase in shipments of cardiac tissues.  Vascular preservation service revenues increased 2 percent for the full year of 2012 due to an increase in shipments of vascular tissues.

Total gross margins were 64 percent in each of the fourth quarters of 2012 and 2011.  Preservation services gross margins were 43 percent and 42 percent in the fourth quarters of 2012 and 2011, respectively.  Product gross margins were 82 percent and 85 percent for the fourth quarters of 2012 and
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SOURCE CryoLife, Inc.
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1. CryoLife Reports Record Quarterly Revenues in First Quarter of 2012
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4. CryoLife Announces Release Date and Teleconference Call Details for 2012 Second Quarter Financial Results
5. CryoLife Reports 13% Revenue Growth for Second Quarter 2012
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11. CryoLife Announces Quarterly Cash Dividend for the First Quarter 2013
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