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STAAR Surgical Reports Strong First Quarter 2013 Financial Results
Date:5/1/2013

not be successful or may be delayed in delivering for launch; the purchasing patterns of our distributors carrying inventory in the market; the willingness of surgeons and patients to adopt a new product and procedure; patterns of Visian ICL use that have typically limited our penetration of the refractive procedure market, and a general decline in the demand for refractive surgery particularly in the U.S. and the Asia Pacific region, which STAAR believes has resulted from both concerns about the safety and effectiveness of laser procedures and current economic conditions.  The Visian Toric ICL and the Visian ICL with CentraFLOW are not yet approved for sale in the United States.CONTACT:

InvestorsMediaEVC Group

EVC Group Douglas Sherk, 415-652-9100  

Amy Phillips, 412-327-9499Leigh Salvo, 415-568-9348 STAAR Surgical CompanyCondensed Consolidated Balance Sheets(in 000's)March 29,December 28,20132012ASSETSCurrent assets:Cash and cash equivalents$  19,243$
21,675Accounts receivable trade, net8,6078,543Inventories, net11,01011,673Prepaids, deposits, and other current assets2,7442,183Total current assets41,60444,074Property, plant, and equipment, net6,1845,439Intangible assets, net1,8582,142Goodwill1,7861,786Deferred income taxes188187Other assets1,0381,131Total assets$  52,658$
54,759LIABILITIES AND STOCKHOLDERS' EQUITYCurrent liabilities:Line of credit$
5,300$
5,850Accounts payable3,6635,129Deferred income taxes440439Obligations under capital leases 701829Other current liabilities5,0755,702Total current liabilities15,17917,949Obligations under capital leases 346488Deferred income taxes892885Asset retirement obligations646707Pension liability2,9462,988Total liabilities20,00923,017Stockholders' equity:Common stock364364Additional paid-in capital163,361162,251Accumulated other comprehensive income9051,580Accumulated deficit(
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