Exhibit 99.1

 

 

Corporate

 

Investor Relations

Conceptus

 

Lippert/Heilshorn & Associates

Gregory Lichtwardt, CFO

 

Kim Sutton Golodetz

(650) 962-4039

 

(212) 838-3777

glichtwardt@conceptus.com

 

kgolodetz@lhai.com

 

 

 

 

 

Bruce Voss

 

 

(310) 691-7100

 

 

bvoss@lhai.com

 

 

 

 

 

Media

 

 

Conceptus

 

 

Public Relations

 

 

(650) 962-4126

 

 

publicrelations@conceptus.com

 

CONCEPTUS® REPORTS FOURTH QUARTER SALES

GROWTH OF 30%, DILUTED EPS OF $0.21

 

·                  Reports first profitable year with net income of $7.9 million, GAAP diluted EPS of $0.25 and non-GAAP diluted EPS of $0.65

 

·                  Generates $28.5 million in cash from operations during 2009, ends year with over $105 million in cash and investments

 

·                  Introduces 2010 financial guidance

 

MOUNTAIN VIEW, Calif. (February 23, 2010) — Conceptus, Inc. (Nasdaq: CPTS), developer of the Essure® procedure, the first proven non-surgical permanent birth control method available, today reported financial results for the three and 12 months ended December 31, 2009.

 

Net sales for the fourth quarter of 2009 were $37.0 million, an increase of 30% compared with net sales of $28.5 million for the fourth quarter of 2008. Net sales were slightly below the Company’s October 2009 guidance of $37.5 million to $38.0 million.  Net sales for 2009 were $131.4 million, an increase of 29% compared with net sales of $102.0 million for 2008.

 

Net income for the fourth quarter of 2009 was $6.6 million, or $0.21 per diluted share, compared with net income for the same period of 2008 of $4.0 million, or $0.13 per diluted share.  These results were at the top of the Company’s net income guidance range of

 


The following information was filed by Conceptus Inc (CPTS) on Tuesday, February 23, 2010 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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