EDAP Reports Q4 EPS EUR 0.14

EDAP TMS SA EDAP, announced today financial results for the fourth quarter and full year ended December 31, 2010. Total revenue for the fourth quarter 2010 was EUR 8.0 million (USD 10.8 million), as compared to EUR 8.1 million (USD 11.9 million) for the fourth quarter 2009. Operating loss was EUR 371,000 (USD 496,000) for the fourth quarter 2010, and net loss for the fourth quarter 2010 was EUR 7.2 million (USD 9.7 million), or EUR 0.56 per diluted share. The fourth quarter 2010 net loss included a non-cash interest expense of EUR 5.5 million (USD 7.3 million) to adjust the Company's convertible debt and outstanding warrants to fair value, and to reduce the outstanding convertible debt. Excluding the non-cash interest expense, the net loss for the fourth quarter 2010 was EUR 1.8 million (USD 2.4 million), or EUR 0.14 per diluted share.