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Bioniche Reports Fiscal 2007 Year-End Results
Date:9/26/2007

$ $

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Deficit, beginning of year (53,869,621) (52,726,240)

Net loss (14,760,994) (1,143,381)

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Deficit, end of year (68,630,615) (53,869,621)

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Bioniche Life Sciences Inc.

CONSOLIDATED STATEMENTS OF LOSS

Years ended June 30

2007 2006

$ $

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REVENUE

Sales 27,479,727 26,655,647

Cost of sales 12,179,266 11,331,332

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Gross profit 15,300,461 15,324,315

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EXPENSES

Administration 7,239,106 5,856,666

Marketing and selling 6,106,225 6,341,082

Quality assurance 690,291 1,208,459

Interest on long-term debt 637,510 1,538,130

Other interest 75,049 287,729

Accreted interest on convertible term note 722,867 379,554

Amortization of property, plant and equipment 1,169,948 1,217,731

Amortization of intangible assets
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SOURCE Bioniche Life Sciences Inc.
Copyright©2007 PR Newswire.
All rights reserved

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