ATRM (ATRM) 8-K Results of Operations and Financial Condition

Exhibit 99.1

FOR IMMEDIATE RELEASE:	April 22, 2009
CONTACT:	Doug Hemer
	Aetrium Incorporated
	(651) 773-4274
NASDAQ:	ATRM

AETRIUM REPORTS FIRST QUARTER RESULTS

St. Paul, Minn. (4/22/09)—Aetrium Incorporated (Nasdaq:ATRM) today announced results for its first quarter ended March 31, 2009. Revenue for the quarter was $1,751,000, down from revenue of $2,851,000 in the fourth quarter of 2008. Net loss for the quarter was $740,000, or $0.07 per share, as compared to a net loss of $687,000, or $0.06 per share, in the fourth quarter of 2008.

“The semiconductor industry continued to react aggressively in the first quarter to the mounting worldwide economic crisis and its severe impact on the demand for semiconductors," Joseph C. Levesque, president and chief executive officer, commented. “Semiconductor production fell precipitously in the previous quarter and it fell further in first quarter 2009 to its lowest level since 2003. Demand for production equipment in our segment of the industry continued to fall as well, reaching its lowest level in over 15 years. By quarter end, however, some semiconductor manufacturers were reporting an increase in demand, indicating perhaps that the industry is already moving toward equilibrium in these difficult times, and some forecasters are now predicting an improving second half of 2009 with a return to more seasonal trends. We believe, however, that improving worldwide economies and a rebuilding of worldwide demand for semiconductors are key to a return to more robust demand for semiconductor production equipment.”

“Our operating results reflected the challenges of these industry conditions,” Levesque continued. “Our gross margins fell in first quarter 2009 as we absorbed the inefficiencies of a lower revenue level. However, through our aggressive cost cutting measures, we were able to achieve substantial reductions in each of our operating expense categories, and thus minimized our operating loss and cash outflow. We also drew down significantly on our existing inventories to further minimize cash outflow. At the same time, we continued our aggressive program of penetrating new customer accounts and our substantial investment in new product development. We have no special insight on when conditions may improve, and we will continue to manage Aetrium to weather even an extended down cycle while at the same time preparing to take full advantage of opportunities when conditions improve.”

Certain matters in this news release are forward-looking statements which are subject to risks and uncertainties that could cause actual results to differ materially from those projected. Such risks and uncertainties include, but are not limited to, adverse domestic or global economic conditions, slowing growth in the demand for semiconductor devices, the volatility and cyclicality of the microelectronics industry, changes in the rates of capital expenditures by semiconductor manufacturers, progress of product development programs, unanticipated costs associated with the integration or restructuring of operations, and other risk factors set forth in the company’s SEC filings, including its Form 10-K for the year ended December 31, 2008.

Aetrium, based in North St. Paul, Minnesota, is a leading supplier of proprietary technologies and equipment that are used by the worldwide semiconductor industry to test integrated circuits.  The company’s products are used by customers to advance reliability, improve quality, increase product yield or improve manufacturing processes.  Aetrium’s common stock is publicly traded on the Nasdaq market under the symbol ATRM.  More information about Aetrium is available on the internet at www.Aetrium.com.

Aetrium Incorporated
Consolidated Statements of Operations
(Unaudited)
(in thousands, except per share data)
	Three Months ended March 31,
	2009			2008
Net sales	$	1,751		$	5,635
Cost of goods sold		1,251			2,859
Gross profit		500			2,776
Gross profit percent		28.6	%		49.3	%
Operating expenses:
Selling, general and administrative		1,200			1,702
Research and development		475			776
Total operating expenses		1,675			2,478
Income (loss) from operations		(1,175	)		298
Interest income, net		38			120
Income (loss) before income taxes		(1,137	)		418
Income tax benefit (expense)		397			(155	)
Net income (loss)	$	(740	)	$	263
Income (loss) per share:
Basic	$	(0.07	)	$	0.02
Diluted	$	(0.07	)	$	0.02
Weighted average common shares outstanding:
Basic		10,598			10,554
Diluted		10,598			10,829

Aetrium Incorporated
Consolidated Balance Sheets
(Unaudited)
(In Thousands)
	March 31,		December 31,
	2009		2008
Assets:
Current assets:
Cash and cash equivalents	$	11,158	$	11,629
Accounts receivable, net		1,219		1,539
Inventories - operations		8,447		9,120
Inventories -  shipped equipment, subject to
revenue deferral		147		42
Deferred income taxes		127		127
Other current assets		332		298
Total current assets		21,430		22,755
Property and equipment, net		146		143
Deferred income taxes		2,887		2,489
Other assets		187		215
Total assets	$	24,650	$	25,602
Liabilities and shareholders' equity:
Current liabilities:
Current portion of long-term debt	$	-	$	12
Trade accounts payable		296		571
Other current liabilities		856		919
Total current liabilities		1,152		1,502
Shareholders' equity		23,498		24,100
Total liabilities and shareholders' equity	$	24,650	$	25,602