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ARIUS announces second quarter fiscal 2008 financial results
Date:7/11/2008

$

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Revenue:

Research contract 262,478 - 1,996,120

Product 60,675 21,392 280,049

Licensing fees 101,000 - 3,385,703

Research grant payments - - 273,663

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424,153 21,392 5,935,535

Expenses:

Research and development,

net of tax credits 3,337,461 2,102,603 31,331,946

General and administrative 1,149,402 762,673 13,168,494

Foreign exchange loss (gain) (236,020) 319,481 508,201

Interest expense 551 771 906,768

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4,251,394 3,185,528 45,915,409

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Loss before the undernoted (3,827,241) (3,164,136) (39,979,874)

Interest income 69,720 181,484 2,221,804

Loss on extinguishment of debt - - (782,143)

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Loss before income taxes (3,757,521) (2,982,652) (38,540,213)

Income taxes:

Current (59,416) (53,480) (394,438)

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Loss and comprehensive loss

for the period (3,816,937) (3,036,132) (38,934,651)

Deficit, beginning of period (35,117,714) (23,783,289) -

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SOURCE ARIUS Research Inc.
Copyright©2008 PR Newswire.
All rights reserved

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