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Volcano Reports Record Revenue and GAAP Profitability for 2010
Date:2/23/2011

Litigation Reform Act of 1995. Any statements in this press release regarding Volcano’s business that are not historical facts may be considered “forward-looking statements,” including statements regarding the company’s financial guidance for 2011, market adoption of the company’s products and technologies, growth strategies, timing and achievement of product development milestones, outcome of ongoing litigation, the impact and benefits of market development, product introductions, sales programs and the transition to a direct sales effort in Japan. Forward-looking statements are based on management’s current preliminary expectations and are subject to risks and uncertainties, which may cause Volcano’s results to differ materially and adversely from the statements contained herein. Some of the potential risks and uncertainties that could cause actual results to differ from the results predicted are detailed in the company’s current report on Form 8-K filed on September 13, 2010, its quarterly report on Form 10-Q for the quarter ended September 30, 2010, and other filings made with the Securities and Exchange Commission. Undue reliance should not be placed on forward-looking statements, which speak only as of the date they are made. Volcano disclaims any obligation to update any forward-looking statements to reflect new information, events or circumstances after the date they are made, or to reflect the occurrence of unanticipated events.VOLCANO CORPORATION CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands) (Unaudited) December 31, December 31,20102009 Assets Current assets: Cash and cash equivalents

$
43,429$
56,055 Short-term available-for-sale investments  

175,28366,028 Accounts receivable, net

59,13351,171 Inventories

38,76537,710 Prepaid expenses and other current assets

6,6435,892 Total current assets

323,253216,856 Restricted cash

638554 L
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SOURCE Volcano Corporation
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