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Conceptus(R) Reports Fourth Quarter Financial Results And Introduces 2013 Financial Guidance

ACOG Practice Bulletin

The American College of Obstetricians and Gynecologists (ACOG) published its updated Practice Bulletin on the Benefits and Risks of Sterilization to replace the previous version which published in 2003. ACOG's practice bulletins are intended to provide OBGYNs updated information on established techniques and current clinical management guidelines. The February, 2013 bulletin provides a comprehensive review of the safety and effectiveness of all female sterilization compared with other forms of contraception and prominently features hysteroscopic tubal occlusion for the first time. Specifically, the bulletin makes two key points in support of Essure. The first point is that "hysteroscopic occlusion techniques, followed by a confirmatory HSG, have at least equal if not superior efficacy to tubal occlusion done by laparoscopy or minilaparotomy." The second point is that "hysteroscopic tubal occlusion for sterilization has high efficacy and low procedure-related risk, cost, and resource requirement." 

Conference Call

Conceptus will host an investment community conference call beginning at 4:30 p.m. Eastern time today to discuss results and answer questions. Conference call dial-in information is as follows:
  • U.S. callers: (866) 428-9517    
  • International callers: (253) 237-1155
  • Conference ID Number (U.S. and international): 87049882

Individuals interested in listening to the live conference call via the Internet may do so by logging on to the Company's website, www.conceptus.com . The webcast will be available on the Company's Web site for 14 days following the completion of the call.

Use of Non-GAAP Financial Measures

The Company has supplemented its GAAP net income/loss with a non-GAAP measure of adjusted EBITDA. Management believes that this non-GAAP financial measure provides useful supplemental information to management and investors regarding the performance of the Company, facilitates a more meaningful comparison of results for current periods with previous operating results, and assists management in analyzing future trends, making strategic and business decisions and establishing internal budgets and forecasts. A reconciliation of non-GAAP adjusted EBITDA to GAAP net income/loss in the most directly comparable GAAP measure is provided in the schedule below.

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