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

per Common Share data)Three Months EndedMarch 31,20112010GAAP:(Unaudited)Income before income taxes$
2,535$
3,333Income tax expense

869

1,399Net income$
,666

$
,934Income per common share:Basic$
.06$
.07Diluted$
.06$
.07Weighted-average common shares outstanding:Basic

27,385

28,235Diluted

27,720

28,539Reconciliation for 2011 excluding items:Income before income taxes, GAAP$
2,535Excluding expenses for business development activities

1,154Adjusted income before income taxes, non-GAAP3,689Income tax expense calculated at 2011 effective tax rate of 34%

1,254Adjusted net income, non-GAAP$
2,435Adjusted income per common share, non-GAAP:Basic$
.09Diluted$
.09Weighted-average common shares outstanding:Basic

27,385Diluted

27,720Investors should consider this non-GAAP information in addition to, and not as a substitute for, financial measures
prepared in accordance with U.S. GAAP.  In addition, this non-GAAP financial information may not be the same as similar measures presented by other companies.  Non-GAAP adjusted net income and adjusted income per common share exclude expenses for business development activities, including the Company's proposed acquisition of Cardiogenesis.  The Company believes that this non-GAAP presentation provides useful information to investors regarding the expense structure of the Company's existing operations without regard to its ongoing efforts to acquire complementary products and businesses.  The Company does, however, expect to incur similar types of business development expenses in the future, and this non-GAAP financial information should not be viewed as a promise or indication that these types of expenses will not recur.

Media Contacts:D. Ashley Lee
Executive Vice President, Chief Financial Officer and
Chief Operating Officer
Phone: 770-419-3355

Chris Mittendor
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SOURCE CryoLife, Inc.
Copyright©2010 PR Newswire.
All rights reserved

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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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9. CryoLife Begins Distribution of Blood-Clotting Agent PerClot® in Europe
10. CryoLife Announces Release Date and Teleconference Call Details for 2010 Third Quarter Financial Results
11. CryoLife Receives Japanese Regulatory Approval for BioGlue Surgical Adhesive
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