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CryoLife Reports Record Second Quarter Revenues
Date:7/25/2013

0.06$0.12$0.14$0.15Dividends declared per common share$0.0275$--$0.0525$--Weighted-average common shares outstanding:Basic26,85626,86426,85827,022Diluted27,36927,17727,45627,362 

CRYOLIFE, INC. AND SUBSIDIARIESFinancial Highlights(In thousands) Three Months EndedSix Months EndedJune 30,June 30,2013201220132012(Unaudited)(Unaudited)Products:BioGlue and BioFoam

$

13,542$

13,437$

29,006$

27,133PerClot9406911,8041,335Revascularization technologies2,2931,9334,4844,047HeRO Graft1,4206352,697635Total products18,19516,69637,99133,150Preservation services:Cardiac tissue6,8187,34313,46314,423Vascular tissue8,4998,97017,53117,549Total preservation services15,31716,31330,99431,972Other817971367Total revenues$33,520$33,188$69,056$65,489Revenues:U.S.

$

26,631$

26,087$

53,208$

51,374International6,8897,10115,84814,115Total revenues$33,520$33,188$69,056$65,489 

 

 June 30,December 31,20132012(Unaudited)(Audited)Cash, cash equivalents, and restricted cash and securities

$

17,040$

18,332Total current assets77,95377,503Total assets157,798157,156Total current liabilities18,82021,430Total liabilities27,00329,044Shareholders' equity130,795128,112 

CRYOLIFE, INC. AND SUBSIDIARIESUnaudited Reconciliation ofNon-GAAP Adjusted Net Income and Adjusted Income per Common Share – Diluted(In thousands, except per share data) Three Months EndedSix Months EndedJune 30,June 30,2013201220132012GAAP:Income before income taxes$2,735$5,605$5,779$7,186Income tax expense9502,2711,8022,861Net income$1,785$3,334$3,977$4,325Diluted income per common share:$0.06$0.12$0.14$0.15Diluted weighted-average commonshares outstanding:27,36927,17727,45627,362Reconciliation excluding items:Income before income taxes, GAAP$2,735$5,605$5,779$7,186Excluding:Litigation expenses and settlement costs, net ofinsurance reimbursement
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SOURCE CryoLife, Inc.
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1. CryoLife Announces Release Date and Teleconference Call Details for 2013 Second Quarter Financial Results
2. CryoLife Enhances International Presence with Appointment of Andres Sarmiento as Latin America Sales Manager
3. CryoLife 2013 First Quarter Revenues Grew 10 Percent to a Record $35.5 Million
4. CryoLife Announces Release Date and Teleconference Call Details for 2013 First Quarter Financial Results
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6. CryoLife Expands Stock Repurchase Program
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10. CryoLife Receives Expanded Indication for BioFoam in Europe
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