Aetrium Reports Fourth Quarter And Year-End 2010 Results

Aetrium, based in North St. Paul, Minnesota, is a leading supplier of proprietary technologies and equipment that are used by the worldwide semiconductor industry to test integrated circuits. The company's products are used by customers to advance reliability, improve quality, increase product yield or improve manufacturing processes.  Aetrium's common stock is publicly traded on the Nasdaq market under the symbol ATRM.  More information about Aetrium is available on the internet at www.Aetrium.com.

The Aetrium Incorporated logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6943

Aetrium Incorporated
Consolidated Statements of Operations
(Unaudited)
(in thousands, except per share data)
	Three Months ended  December 31,		Year ended  December 31,
	2010	2009	2010	2009
Net sales	$ 1,667	$ 2,685	$ 16,258	$ 8,649
Cost of goods sold (1)	1,491	1,781	9,413	5,528
Gross profit	176	904	6,845	3,121
Gross profit percent (1)	10.6%	33.7%	42.1%	36.1%
Operating expenses:
Selling, general and administrative (2)	1,743	1,557	5,853	5,169
Research and development	672	544	3,022	2,195
Total operating expenses	2,415	2,101	8,875	7,364
Loss from operations	(2,239)	(1,197)	(2,030)	(4,243)
Interest income, net	16	23	71	136
Loss before income taxes	(2,223)	(1,174)	(1,959)	(4,107)
Income tax benefit (expense) (3)	--	(3,644)	57	(2,621)
Net loss	$ (2,223)	$ (4,818)	$ (1,902)	$ (6,728)
Loss per share (basic and diluted)	$ (0.21)	$ (0.45)	$ (0.18)	$ (0.63)
Weighted average common shares outstanding (basic and diluted)	10,781	10,600	10,713	10,599
	Three Months ended  December 31,		Year ended  December 31,
	2010	2009	2010	2009
(1) Cost of goods sold includes inventory obsolescence charges of $423 for the three months and year ended December 31, 2010 and $155 for the three months and year ended December 31, 2009. The impact of these charges was to reduce gross profit percent as indicated below:
Gross profit percent, excluding obsolescence charges	35.9%	39.4%	44.7%	37.9%
Gross profit percent, including obsolescence charges	10.6%	33.7%	42.1%	36.1%
(2) Selling, general and administrative expenses includes the following:
Deferred compensation charge related to retirement benefits approved in November 2010 for Aetrium's then Chief Executive Officer and Chief Administrative Officer. There will be no charges in future periods related to these retirement benefits.	$ 588	$ --	$ 588	$ --
Charge (credit) related to a legal dispute with a subtenant of a former leased facility	--	372	(190)	372
(3) Income tax benefit (expense) includes the following:
Income tax benefit	--	420	57	1,443
Increase in valuation allowance on deferred tax assets	$ --	$ (4,064)	$ --	$ (4,064)

Aetrium Incorporated
Consolidated Balance Sheets
(Unaudited)
(In Thousands)
	December 31, 2010	December 31, 2009
Assets:
Current assets:
Cash and cash equivalents	$ 10,033	$ 9,476
Accounts receivable, net	862	2,114
Inventories - operations	7,358	7,472
Inventories -- shipped equipment, subject to revenue deferral	24	--
Other current assets	67	234
Total current assets	18,344	19,296
Property and equipment, net	98	98
Other assets	41	--
Total assets	$ 18,483	$ 19,394
Liabilities and shareholders' equity:
Current liabilities:
Trade accounts payable	$ 502	$ 707
Other current liabilities	714	669
Total current liabilities	1,216	1,376
Noncurrent accrued expenses	377	--
Shareholders' equity	16,890	18,018
Total liabilities and shareholders' equity	$ 18,483	$ 19,394

CONTACT: Doug Hemer
         Aetrium Incorporated
         [phone]

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