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CryoLife Reports Record Quarterly Revenues in First Quarter of 2012
Date:4/26/2012

66Total operating expenses19,66316,057Operating income1,6292,447Interest expense65

30Interest income(2)

(9)Other income, net(15)

(109)Income before income taxes1,5812,535Income tax expense590

869Net income$
991$
,666Income per common share:Basic$
.04$
.06Diluted$
.04$
.06Weighted-average common shares outstanding:Basic27,180

27,385Diluted27,530

27,720CRYOLIFE, INC. AND SUBSIDIARIESFinancial Highlights(In thousands)Three Months EndedMarch 31, 20122011(Unaudited)Preservation services: Cardiac tissue$
7,080

$
,534Vascular tissue 

8,579

9,140Total preservation services15,65915,674Products: BioGlue and BioFoam 

13,696

11,974PerClot644

660HemoStase

--

1,795Revascularization technologies 

2,114

--Total products16,45414,429Other 

188

93Total revenues$
32,301$
30,196Revenues: U.S.$
25,287

$
24,421International7,014

5,775Total revenues $
32,301$
30,196March 31,December 31,20122011(Unaudited) Cash, cash equivalents, and restricted securities

$
26,464

$
27,017Receivables, net18,208

17,505Deferred preservation costs29,215

29,039Inventories

7,932

7,320Investment in equity securities 

6,248

6,248Total assets147,874

147,864Shareholders' equity 

121,772

121,538 

 Contacts: 

CryoLife D. Ashley Lee

Executive Vice President, Chief Financial Officer
and Chief Operating Officer
Phone: 770-419-3355The Ruth GroupNick Laudico / Zack Kubow

646-536-7030 / 7020

nlaudico@theruthgroup.com

zkubow@theruthgroup.com


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

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