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Cyberonics Reports Record Fiscal 2014 Second Quarter Results
Date:11/21/2013

on Form 10-K for the fiscal year ended April 26, 2013 and our Quarterly Report on Form 10Q for the fiscal quarter ended July 26, 2013.

Contact informationGreg Browne, CFO
Cyberonics, Inc.
100 Cyberonics Blvd.
Houston, TX 77058
Main:  (281) 228-7262
Fax:  (281) 218-9332
ir@cyberonics.com

 CYBERONICS, INC. AND SUBSIDIARYCONSOLIDATED STATEMENTS OF INCOME(Unaudited)For the Thirteen Weeks EndedFor the Twenty-Six Weeks EndedOctober 25, 2013October 26, 2012October 25, 2013October 26, 2012Net sales

$

70,101,119$

62,955,645$

138,973,476$

123,276,816Cost of sales6,926,1065,169,80413,470,13910,180,981Gross profit63,175,01357,785,841125,503,337113,095,835Operating expenses:Selling, general and administrative29,633,92527,569,48058,940,19555,892,796Research and development11,653,45010,042,41623,628,61519,761,719Litigation settlement--7,442,847-Total operating expenses41,287,37537,611,89690,011,65775,654,515Income from operations21,887,63820,173,94535,491,68037,441,320Interest income45,66712,42689,08219,505Interest expense(159)(59,988)(159)(88,773)Other income (expense), net(40,782)1,202,443(171,473)(2,788,977)Income before income taxes21,892,36421,328,82635,409,13034,583,075Income tax expense 8,003,9027,761,92212,846,74212,941,138Net income

$

13,888,462$

13,566,904$

22,562,388$

21,641,937Basic income per share

$

0.51$

0.49$

0.82$

0.78Diluted income per share

$

0.50$

0.48$

0.81$

0.77Shares used in computing basic income per share27,274,17227,649,10327,393,68027,571,261Shares used in computing diluted income per share27,579,00728,063,19927,713,95427,995,630 CYBERONICS, INC. AND SUBSIDIARYCONDENSED CONSOLIDATED BALANCE SHEETS(Unaudited except where indicated)October 25, 2013April 26, 2013(Audited)ASSETSCurrent Asset
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SOURCE Cyberonics, Inc.
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