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Volcano Reports 24 Percent Increase in First Quarter Revenues; IVUS Disposable Revenues Increase 30 Percent
Date:5/7/2008

rrence of unanticipated events.

VOLCANO CORPORATION

CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands)

(Unaudited)

March 31, December 31,

2008 2007

Assets

Current assets:

Cash and cash equivalents $132,572 $122,913

Short-term available-for-sale

investments 55,539 66,205

Accounts receivable, net 25,293 27,976

Inventories 22,399 21,243

Prepaid expenses and other current

assets 3,979 3,997

Total current assets 239,782 242,334

Restricted cash 376 365

Property and equipment, net 14,814 13,692

Intangible assets, net 8,641 9,385

Other non-current assets 804 798

$264,417 $266,574

Liabilities and Stockholders' Equity

Current liabilities:

Accounts payable $10,051 $11,077

Accrued compensation 8,250 9,083

Accrued expenses and other current

liabilities 6,326 6,600

Deferred revenues 5,796 5,360

Current maturities of long-term debt 58 120

Total current liabilities 30,481 32,240

Long-term debt
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SOURCE Volcano Corporation
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