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CryoLife Posts Record Annual Revenues of $116.6 Million
Date:2/17/2011

p>2,037

1,3935,923

5,247Acquired in-process research and development

(236)

--3,513

--Total operating expenses14,00213,97858,50055,272Operating income3,5833,6199,86814,496Interest expense

35

(85)180

83Interest income

(7)

(3)(23)

(76)Gain on valuation of derivative

--

(24)(1,345)

(24)Other than temporary investment impairment

--

--3,638

--Other expense, net

97

59141

159Income before income taxes3,4583,6727,27714,354Income tax expense

1,343

1,3063,333

5,675Net income$
2,115$
2,366$
3,944$
8,679Income per common share:Basic$
.08$
.08$
.14$
.31Diluted$
.08$
.08$
.14$
.31Weighted-average common shares outstanding:Basic

27,692

28,20227,987

28,106Diluted

28,030

28,47328,274

28,310CRYOLIFE, INC. AND SUBSIDIARIESFinancial Highlights(In thousands)Three Months EndedTwelve Months EndedDecember 31,December 31,2010200920102009(Unaudited)(Audited)Preservation Services:Cardiac tissue

$
7,044

$
,697$
27,997

$
26,074Vascular tissue

6,981

7,05431,727

30,201Orthopaedic tissue

--

33--

181Total preservation services14,02513,78459,72456,456Products:BioGlue and BioFoam

12,164

12,58347,383

47,906HemoStase

2,666

1,8698,793

6,008PerClot

264

--264

--Other medical devices

--

41(70)

248Total products15,09414,49356,37054,162Other

103

338551

1,067Total revenues$
29,222

$
28,615$
,645

$
,685Revenues:U.S.

$
23,610

$
23,830$
97,037

$
94,094International

5,612

4,78519,608

17,591Total revenues$
29,222

$
28,615$
,645

$
,685December 31,December 31,20102009(Audited)(Audited)Cash, cash equiva
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SOURCE CryoLife, Inc.
Copyright©2010 PR Newswire.
All rights reserved

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1. CryoLife Announces Release Date and Teleconference Call Details for 2010 Fourth Quarter and Year End Financial Results
2. CryoLife to Present at Lazard Capital Markets 7th Annual Healthcare Conference
3. CryoLife Begins Distribution of Blood-Clotting Agent PerClot® in Europe
4. CryoLife Announces Release Date and Teleconference Call Details for 2010 Third Quarter Financial Results
5. CryoLife Receives Japanese Regulatory Approval for BioGlue Surgical Adhesive
6. CryoLife Enters into Worldwide Distribution and Manufacturing Agreements with Starch Medical for Novel Hemostatic Agent
7. CryoLife Provides Initial 2010 Financial Guidance
8. CryoLife to Present at 21st Annual Piper Jaffray Health Care Conference
9. CryoLife to Present at Upcoming Investor Conferences in New York
10. CryoLife Reports Record Quarterly Revenues of $28.2 Million
11. CryoLife Receives FDA Approval to Begin U.S. Clinical Trial for BioFoam(R)
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