rs" in our Annual Report on Form 10-K filed with the Securities and Exchange Commission. We may update our risk factors from time to time in "Part II, Item 1A "Risk Factors" in our Quarterly Reports on Form 10-Q, Form 8-K, or other current reports, as filed with the Securities and Exchange Commission.For further information:Christopher TaylorHeartWare International, Inc.Email:
ctaylor@heartwareinc.comPhone: +1 508 739 0864- Tables to Follow-HEARTWARE INTERNATIONAL, INC.CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(in thousands, except share and per share data)(unaudited)Three Months Ended December 31, Year Ended December 31, 2010200920102009Revenues, net$ 20,887$
2,219$
55,164$
24,172Cost of revenues8,4656,80924,44113,211Gross profit12,4225,41030,72310,961Operating expenses:Selling, general and administrative7,4044,72326,64216,444Research and development11,5285,07333,10815,067Total operating expenses18,9329,79659,75031,511Loss from operations(6,510)(4,386)(29,027)(20,550)Other income (expense), net(516)2,475(370)(359)Net loss$
(7,026)$
(1,911)$ (29,397)$ (20,909)Net loss per common share - basic and diluted$
(0.51)$
(0.17)$
(2.17)$
(2.15)Weighted average shares outstanding - basic and diluted13,873,54711,369,28913,569,8769,713,925HEARTWARE INTERNATIONAL, INC.CONDENSED CONSOLIDATED BALANCE SHEETS(in thousands)(unaudited)December 31, 2010December 31, 2009ASSETSCurrent assets:Cash and cash equivalents $
92,148$
50,835Short-term investments, net21,330—Accounts receivable, net19,05311,385Inventories, net15,0778,871Prepaid expenses and other current assets2,4061,663Total current assets250,01472,754Property, plant and equipment, net7,4843,719Other intangible assets, net1,5961,192Long-term investments, net4,006—Deferred financing costs, net2,939—Restricted cash1,538288Total assets$
267,577$
77,953LIABILITIES AND STOCKHOLDERS' EQUITYCurren
'/>"/>SOURCE HeartWare International, Inc. Copyright©2010 PR Newswire. All rights reserved | |
Page: 1 2 3 4 5 6 Related medicine technology :1.
HeartWare Receives Third Patient Allotment From FDA - Authorizing 94 Additional Patients - Under Continued Access Protocol for Pivotal U.S. Bridge-to-Transplant Clinical Trial2.
HeartWare to Present at the 29th Annual J.P. Morgan Healthcare Conference3.
HeartWare Files PMA Application for FDA Approval of the HeartWare® Ventricular Assist System for a Bridge-to-Transplant Indication4.
HeartWare International, Inc. Announces Completion of Concurrent Public Offerings of Convertible Senior Notes and Common Stock5.
HeartWare International, Inc. Announces Pricing of Concurrent Public Offerings of Convertible Senior Notes and Common Stock6.
HeartWare International, Inc. Announces Concurrent Public Offerings of Convertible Senior Notes and Common Stock7.
HeartWare to Present at the Canaccord Genuity Cardio/Diabetes & Obesity Conference8.
HeartWare Achieves Primary Endpoint with 92% Success in Pivotal Bridge-to-Transplant Clinical Trial, ADVANCE9.
HeartWare to Present at the Lazard Capital Markets 7th Annual Healthcare Conference10.
HeartWare Bridge-to-Transplant Data Featured as Late Breaking Clinical Trial at American Heart Association Scientific Sessions 201011.
HeartWare International Reports Third Quarter 2010 Revenues of $13.8 Million; Compared to $7.5 Million in Third Quarter of 2009