ATS Medical, Inc.

Medical device firm reports 23.3% increase in sales

Published in Lab Business Week, September 4th, 2005

ATS Medical, Inc., (ATSI), developer, manufacturer and marketer of cardiac surgery products and services, reported that sales for the second quarter of 2005 increased 23.3% to $9.3 million, compared with sales of $7.5 million for the second quarter of 2004.

Mechanical heart valve sales represented 94% of total revenue while other products and services represented 6% of total revenue. There was no meaningful impact on revenue from foreign currency exchange. The net loss for the second quarter of 2005 was $3.1 million, or $0.10 per share, compared with a net loss of $3.4 million, or $0.12 per share, in the second quarter of 2004.

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Source: Lab Business Week (2005-09-04)

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