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Bioheart, Inc. Announces Financial Results for First Quarter 2008
Date:5/15/2008

Ended March 31,

2008 2007

(Unaudited)

Revenues $25,995 $13,805

Cost of sales 3,125 7,359

Gross profit 22,870 6,446

Development revenues 61,500 -

Expenses:

Research and development 1,358,057 1,400,590

Marketing, general and administrative 1,072,269 877,376

Depreciation and amortization 45,628 46,447

Total expenses 2,475,954 2,324,413

Loss from operations (2,391,584) (2,317,967)

Interest income 33,946 40,624

Interest expense (933,410) (561)

Net interest (expense) income (899,464) 40,063

Loss before income taxes (3,291,048) (2,277,904)

Income taxes - -

Net loss $(3,291,048) $(2,277,904)

Loss per share - basic and diluted $(0.24) $(0.18)

Weighted average shares outstanding - basic

and diluted 13,854,830 12,919,835

Contact: William Kline Lytham Partners, LLC

Chief Financial Officer Joe Diaz

Nicholas Burke Joe Dorame

VP - Financial Operations Robert Blum

(954) 835-1500 (602) 889-9700


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SOURCE Bioheart, Inc.
Copyright©2008 PR Newswire.
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