Cardiology

CryoLife Reports Record First Quarter Revenues of $26.7 Million

Published in Law and Health Weekly, May 16th, 2009

CryoLife, Inc. (NYSE:CRY), an implantable biological medical device and cardiovascular tissue processing company, announced that revenues for the first quarter of 2009 increased 4 percent to a first quarter record of $26.7 million compared to $25.6 million for the first quarter of 2008.

Operating income for the first quarter of 2009 increased 26 percent to $3.5 million compared to $2.7 million for the first quarter of 2008. Operating margin increased to 13 percent in the first quarter of 2009 compared to 11 percent in 2008.

The Company's net income for 2009 was adversely affected by a normalized effective income tax rate of 41 percent for the first...

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Source: Law and Health Weekly (2009-05-16)

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