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PLC Systems Reports Second Quarter 2010 Results
Date:8/16/2010

ect the market for our products, regulatory approval requirements may affect the market for our products, and additional risk factors described in the "Forward Looking Statements" section of our Annual Report on Form 10-K for the year ended December 31, 2009, and our other SEC reports.

PLC Systems, PLC Medical Systems, PLC, CO2 Heart Laser, RenalGuard and RenalGuard System are trademarks of PLC Systems Inc.

Novadaq is a trademark of Novadaq Technologies, Inc.(Financial tables follow)PLC SYSTEMS INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share data)Three Months EndedSix Months EndedJune 30,June 30,2010200920102009Revenues:Product sales$   747$  864$ 1,511$ 2,123Service fees272356570664Total revenues1,0191,2202,0812,787Cost of revenues:Product sales231337639748Service fees133126294327Total cost of revenues3644639331,075Gross profit6557571,1481,712Operating expenses:Selling, general and administrative8388801,6391,965Research and development114185367414Total operating expenses9521,0652,0062,379Gain on the sale of assets(98)-(98)-Loss from operations(199)(308)(760)(667)Other income, net-1-2Net loss$ (199)$ (307)$ (760)$ (665)Basic and diluted loss per share$(0.01)$(0.01)$(0.03)$ (0.02)Average shares outstanding:Basic and diluted30,35130,35130,35130,351CONDENSED CONSOLIDATED BALANCE SHEETSJune 30,December 31,20102009Cash and cash equivalents$1,474$2,686Total current assets3,5874,787Total assets3,8185,042Total current liabilities2,2982,923Shareholders' equity1,1011,729Contact:  Mary T. ConwayConway Communications617-244-9682marytconway@comcast.net
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