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STAAR Surgical Reports 19% Revenue Growth Second Quarter
Date:8/2/2011

.05)$
.03$
.05Net Income (loss) per share-diluted$
.02$
(0.05)$
.03$
.05Weighted average shares outstanding - basic35,44334,79035,31634,770Weighted average shares outstanding - diluted36,43934,79036,38934,770STAAR Surgical CompanyCondensed Consolidated Statements of Cash Flows(in 000's)Six Months EndedJuly 1,July 220112010Cash flows from operating activities:   Net income$
,161$
,902   Adjustments to reconcile net income to net cash provided by (used in) operating activities:Income from discontinued operations-(4,166)Depreciation of property and equipment598821Amortization of intangibles394399Amortization of discount-236Deferred income taxes118-Loss on early extinguishment of note payable-267Fair value adjustment of warrant(182)137Loss (gain) on disposal of property and equipment(14)2Stock-based compensation expense807649Change in net pension liability62157Other(32)112   Changes in working capital:Accounts receivable2631,040Inventories779777Prepaids, deposits and other current assets23272Accounts payable(273)(1,731)Other current liabilities(793)(5,338)Net cash used in operating activities of discontinued operations-(635)Net cash provided by (used in) operating activities2,911(5,099)Cash flows from investing activities:Proceeds from sale of subsidiary, net of transaction costs -11,824Release of restricted cash-7,337Acquisition of property and equipment(207)(202)Deposit to restricted escrow account-(136)Proceeds from sale of property and equipment26-Net change in other assets475Net cash used in investing activities of discontinued operations-(50)Net cash provided by (used in) investing activities(134)18,778Cash flows from financing activities:Repayment of notes payable-(5,000)Redemption of Series A preferred stock-(6,800)Repayment of capital lease obligations(228)(495)Proceeds from exercise of stock options1,216140Net cash used in financing activities of discontinued operations-(50)Net cash provided by (used in) financing activit
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SOURCE STAAR Surgical Company
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