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Thursday, 10/30/2014 9:22:44 AM

Thursday, October 30, 2014 9:22:44 AM

Post# of 760
HTWR reports Q3; revs=$68.3mm, +25% v. Q3’13; 675 HVADs Sold

HeartWare Int. Reports $68.6mm in Q3’14 Revenue; 25% Increase From Q3’13
- Record 675 HeartWare Ventricular Assist Systems (HVADs) sold worldwide in Q3
- U.S. revenue of $39.1mm, 39% growth from Q3’13
- Intl. revenue of $29.5mm, 11% growth from Q3’13
- Conference call today at 8:00amET
http://ir.heartware.com/phoenix.zhtml?c=187755&p=irol-newsArticle&ID=1983503

FRAMINGHAM, Oct. 30, 2014: HeartWare Intl., Inc. (NASDAQ: HTWR), a leading innovator of less invasive, miniaturized circulatory support technologies that are revolutionizing the treatment of advanced heart failure, today announced revenue of $68.6 million for Q3 ended Sept. 30, 2014, a 25% increase compared to $54.8 million in revenue for the same period of 2013.

During Q3, 675 HeartWare Ventricular Assist Systems (HVADs) were sold globally, compared to 550 units in Q3 of 2013. U.S. revenue, generated through the sale of 361 units during Q3 of 2014, was $39.1 million, a 39% increase from $28.2 million in Q3 of 2013. Revenue from international markets was $29.5 million, an increase of 11% from $26.6 million in Q3 of 2013.

"Results for Q3 were quite encouraging, as we continue building out our global operations," said Doug Godshall, President and CEO. "On top of our strong commercial results, we advanced our clinical initiatives, including preparing our request to commence a CE Mark study of our next-generation MVAD System, which we expect to submit for regulatory review later this year or in early 2015. For the HVAD System, we also completed enrollment in our Japan study during the quarter, advanced enrollment in our U.S. Destination Therapy study and are finalizing plans to initiate a U.S. IDE study for the Thoracotomy implant technique later this year.. . .