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HeartWare International Reports Third Quarter Revenues of $7.5 Million
Date:11/4/2009

general and administrative expenses 3,149 3,181 11,721 7,993 Research and development expenses 3,646 5,478 9,994 14,801 ----- ----- ----- ------ Total operating expenses 6,795 8,659 21,715 22,794 Loss from operations (3,392) (8,571) (16,164) (22,706) Other income (expense): Foreign exchange gain (loss) 108 3,196 (260) 1,925 Interest expense (351) (2) (351) (17) Interest income 7 475 26 1,052 Change in fair value of derivative instrument (2,224) - (2,224) - Other, net (22) - (25) (92) --- -- --- --- Loss before income taxes (5,874) (4,902) (18,998) (19,838) Provision for income taxes - - - - -- -- -- -- Net loss $(5,874) $(4,902) $(18,998) $(19,838) ======= ======= ======== ======== Net loss per common share - basic and diluted $(0.60) $(0.57) $(2.07) $(2.61) ====== ====== ====== ====== Weighted average shares outstanding - basic and diluted 9,715,577 8,654,660 9,156,074 7,614,416 ========= ========= ========= =========

                        HEARTWARE INTERNATIONAL, INC.
                    CONDENSED CONSOLIDATED BALANCE SHEETS
                (in thousands except share and per share data)

                                            September 30, December 31,
                     
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SOURCE HeartWare International, Inc.
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