AUSTIN, Texas--(BUSINESS WIRE)--ArthroCare Corp. (Nasdaq:ARTC), a leader in developing state-of-the-art, minimally invasive surgical products, announced that for the third quarter ended September 30, 2007, total revenues grew 21 percent to $78.5 million, compared with $64.7 million in the prior year’s third quarter. ArthroCare’s third quarter net income of $11.1 million, or $0.39 per share, grew 28 percent, compared to net income of $8.7 million, or $0.31 per share a year ago. Quarterly performance includes growth in each of the Company’s business units, including a 95 percent increase in spine sales, as well as a 3.8 point improvement in gross profit margin. Quarterly revenue growth reflects the positive impact of new products, the move of key new products from launch stage into high volume manufacturing, as well as the benefits from multi-year investments in sales and marketing.
