LCA-Vision. Q3 2009 Earnings Conference Call

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2009-10-27 14:00:22.0

Tags: William Blair Co., Earnings, Question, Balance Sheets, Investment, Financial Statements, Financial Accounting, Finance, Seeking Alpha, LCA-Vision Inc.

Question-and-Answer Session

Operator

Ladies and gentlemen if you wish to register for a question for today’s question and answer session (Operator Instructions). You will hear a prompt to acknowledge your request if your question has been answered and you wish to withdraw your polling request you may do so by (Operator Instructions). Please be reminded that today’s call is limited to 1 hour. With that in mind participants should limit their questions to 1 with one follow up before we join in the queue. One moment please for the first question.

David Thomas

So, while we're waiting for the question period to start, I wanted to briefly mention Mike and my attendance at the American Association of Ophthalmology meeting in San Francisco last week.

Very productive time for the both of us. We had very good meetings with our newly established Executive Medical Director team and that group and us are going to work exceedingly well to continue to make the performance of our business much better. Included in that is much better dialogue and certainly their input from a medical perspective.

We also had a wonderful meeting with our surgeons who were in attendance. I got a chance to take them through the plans and as we look to move the business forward here and got a chance to get the perspective of how they're seeing their own individual centers operating.

Finally, we got a chance to take some time to walk the convention floor; got a good look at what the future looks like and certainly, potential ideas for the future for us as we look to expand our business model into the future, to be able to provide more products and services that are strategically important to our business.

Operator

Our first question comes from the line of Ryan Daniels with William Blair.

Kristina Blaschek - William Blair

Good morning it's Kristina Blaschek for Ryan this morning. To start, can you walk us through cash and investments at the end of the quarter and the press release from earlier this morning, you had indicated a total of $61.2 million, but when I take a look at the balance sheet data, I'm getting a slightly lower number of $58.9 million. If you could walk us through the discrepancy, that would be helpful.

Michael Celebrezze

Sure, Kristina, it's Mike. You're probably missing the long-term investment component.

Kristina Blaschek - William Blair

 

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