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Thoratec Reports Second Quarter Revenue Increase of 17 Percent
Date:8/3/2011

ss release issued today, and the anticipated financial impact of the transaction for the remainder of 2011 has been incorporated into the "Guidance" section of this release.

FINANCIAL HIGHLIGHTS

Thoratec reported revenues of $111.2 million in the second quarter of 2011 compared with revenues of $95.1 million in the second quarter of 2010, or an increase of 17 percent. Revenues from the HeartMate product line were $97.6 million versus $82.5 million, or an increase of 18 percent, in the same period a year ago. Sales of the Thoratec® product line, which includes the PVAD and IVAD, were $7.6 million, an increase of four percent over revenues of $7.3 million in the second quarter of 2010. CentriMag® Blood Pump sales were $5.3 million compared with $4.6 million a year ago, or an increase of 15 percent. Graft sales were $678,000 compared with $726,000 a year ago. Revenues from pump sales were $77.8 million versus $64.4 million in the second quarter a year ago, or an increase of 21 percent. Non-pump revenues were $32.7 million in the second quarter of 2011 versus $30.0 million in the same period a year ago, or an increase of nine percent. Revenues in the U.S. were $93.0 million versus $79.9 million in the same quarter a year ago, or an increase of 16 percent, while international revenues were $18.2 million versus $15.2 million a year ago, an increase of 20 percent. Foreign exchange fluctuation rates had a favorable effect of $1.1 million in the second quarter of 2011 versus the second quarter of 2010.

For the first six months of fiscal 2011, revenues were $210.7 million, an increase of eight percent versus revenues of $194.4 million in the same period a year ago. The breakout of year-to-date revenues by product line included HeartMate product line sales of $184.9 million versus $168.6 million in the same period a year ago, or an increase of 10 percent. Sales of the Thoratec product line were $14.9 million versus $16.1 million a year ago, or a
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SOURCE Thoratec Corporation
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