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Conceptus® Updates Second Quarter And Full Year 2010 Financial Guidance

(Tables to follow)

Conceptus, Inc.
Reconciliation of GAAP Earnings (loss) to Non-GAAP Earnings Per Share
(Unaudited)
   
Three Months Ended Twelve Months Ended
June 30, December 31,
  2009   2009
 
GAAP earnings (loss) per share $ (0.02 ) $ 0.25
 
Adjustments to GAAP earnings (loss) per share:
Amortization of intangibles (a) $ 0.01 $ 0.05
Stock-based compensation (b) $ 0.05 $ 0.20
Amortization of non-cash items for convertible note (c) $ 0.04   $ 0.15
 
Non-GAAP earnings per share $ 0.08   $ 0.65
 
 
(a) Consists of amortization of intangible assets primarily patents, licenses and customer relationships
(b) Consists of stock-based compensation in accordance with ASC 718
(c) Consists of amortization of non-cash interest expense in accordance with ASC 470-20 and amortization of debt issuance costs
 
Conceptus, Inc.
Reconciliation of Guidance For Non-GAAP Financial Measures
To Projected GAAP EPS
 
  Previous Non-GAAP Guidance   Non-GAAP Guidance
Three Months Ending Three Months Ending
June 30, 2010 June 30, 2010
From   To From   To
 
GAAP Guidance $ 0.00 $ 0.03 $ (0.02 ) $ (0.01 )
 
Estimated Non-GAAP Guidance
Amortization of intangibles $ 0.02 $ 0.02 $ 0.02 $ 0.02
Stock-based compensation $ 0.06 $ 0.06 $ 0.06 $ 0.06
Amortization of non-cash items for convertible note $ 0.04 $ 0.04 $ 0.04   $ 0.04  
Total Non-GAAP Adjustments $ 0.12 $ 0.12 $ 0.12 $ 0.12
 
Non-GAAP Guidance $ 0.12 $ 0.15 $ 0.10   $ 0.11  
 
Conceptus, Inc.
Reconciliation of Guidance For Non-GAAP Financial Measures
To Projected GAAP EPS
 
  Previous Non-GAAP Guidance   Non-GAAP Guidance
Twelve Months Ending Twelve Months Ending
December 31, 2010 December 31, 2010
From   To From   To
 
GAAP Guidance $ 0.50 $ 0.55 $ 0.21 $ 0.26
 
Estimated Non-GAAP Guidance
Amortization of intangibles $ 0.10 $ 0.10 $ 0.10 $ 0.10
Stock-based compensation $ 0.24 $ 0.24 $ 0.24 $ 0.24
Amortization of non-cash items for convertible note $ 0.15 $ 0.15 $ 0.15 $ 0.15
Total Non-GAAP Adjustments $ 0.49 $ 0.49 $ 0.49 $ 0.49
 
Non-GAAP Guidance $ 0.99 $ 1.04 $ 0.70 $ 0.75




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