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Cardica Announces Fiscal 2009 Fourth Quarter and Year End Financial Results
Date:8/13/2009

Total operating costs and expenses 5,494 7,754 27,190 26,592 ----- ----- ------ ------ Loss from operations (3,505) (4,939) (17,312) (19,027) Interest income 13 136 177 926 Interest expense (30) (26) (120) (101) Other income (expense) (2) 2 (22) 6 ------ ------ ------- ------- Net loss before income tax benefit (3,524) (4,827) (17,277) (18,196) Income tax benefit 72 - 72 - ------- ------- -------- -------- Net loss $(3,452) $(4,827) $(17,205) $(18,196) ======= ======= ======== ======== Basic and diluted net loss per share $(0.22) $(0.31) $(1.09) $(1.23) ====== ====== ====== ====== Shares used in computing basic and diluted net loss per share 15,796 15,682 15,776 14,844 ====== ====== ====== ====== Balance Sheets (amounts in thousands) June 30, June 30, 2009 2008 ---- ---- Assets (unaudited) Cash and Investments $5,328 $23,265 Accounts receivable 624 716 Inventory 1,895 1,393 Other assets 2,493 2,876 ----- ----- Total assets $10,34
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SOURCE Cardica, Inc.
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