TranS1 Inc. Operating Results for the First Quarter 2009

Trans1 reported 1Q:09 revenues of $8.7 million, representing an increase of 45% over 1Q:08 and beating estimates by $1.1 million. There were 889 Trans1 procedures performed during the quarter. Net loss widened in 1Q:09 to $5.2 million from $2.4 million on account of higher operating expenses. Adjusted non-GAAP earnings were $0.22 per share, missing estimates by $0.10.

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