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CryoLife Posts Record Quarterly Revenues of $30.2 Million
Date:4/28/2011

ata)Three Months Ended20112010(Unaudited)Revenues:Preservation services

$
5,674$
5,583Products

14,42913,955Other

93179Total revenues30,19629,717Cost of preservation services and products:Preservation services

9,1969,398Products

2,4962,527Total cost of preservation servicesand products11,69211,925Gross margin18,50417,792Operating expenses:General, administrative, and marketing

14,29113,817Research and development

1,7661,292Total operating expenses16,05715,109Operating income2,4472,683Interest expense

3051Interest income

(9)(4)Gain on valuation of derivative

--(817)Other (income) expense, net

(109)120Income before income taxes2,5353,333Income tax expense

8691,399Net income$
,666$
,934Income per common share:Basic$
.06$
.07Diluted$
.06$
.07Weighted-average common shares outstanding:Basic

27,38528,235Diluted

27,72028,539CRYOLIFE, INC. AND SUBSIDIARIESFinancial Highlights(In thousands)Three Months Ended20112010(Unaudited)Preservation services:Cardiac tissue

$
,534$
,903Vascular tissue

9,1408,680Total preservation services15,67415,583Products:BioGlue and BioFoam

11,97411,912PerClot

660--HemoStase

1,7952,105Other medical devices

--(62)Total products14,42913,955Other

93179Total revenues$
30,196$
29,717Revenues:U.S.

$
24,421$
24,929International

5,7754,788Total revenues$
30,196$
29,717March 31,December 31,20112010(Unaudited)Cash, cash equivalents, and restricted securities

$
42,902$
40,806Receivables, net

16,26214,313Deferred preservation costs

29,70331,570Inventories

5,9806,429Investment in equity securities

2,5942,594Total assets

138,010137,438Shareholders' equity

114,987113,942CRYOLIFE, INC.Unaudited Reconciliation ofNon-GAAP Adjusted Net Income and Adjusted Income per Common Share(In thousands, except Income
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SOURCE CryoLife, Inc.
Copyright©2010 PR Newswire.
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Related medicine technology :

1. CryoLife Launches BioGlue® Surgical Adhesive in Japan
2. CryoLife Announces Release Date and Teleconference Call Details for 2011 First Quarter Financial Results
3. CryoLife Announces Expiration of Go-Shop Period Related to its Proposed Acquisition of Cardiogenesis Corporation
4. CryoLife Commences Tender Offer for All Outstanding Shares of Cardiogenesis Corporation
5. CryoLife Signs Definitive Agreement to Acquire Cardiogenesis
6. CryoLife Posts Record Annual Revenues of $116.6 Million
7. CryoLife Announces Release Date and Teleconference Call Details for 2010 Fourth Quarter and Year End Financial Results
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10. CryoLife Announces Release Date and Teleconference Call Details for 2010 Third Quarter Financial Results
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