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Cardium Reports on First Quarter 2008 Highlights and Financial Results
Date:5/9/2008

$(6,734,128) $(5,839,849)

Net loss per common share - basic

and diluted $(0.16) $(0.17)

Weighted average shares outstanding

- basic and diluted 42,709,247 34,362,080

Selected Condensed March 31, December 31,

Consolidated Balance Sheet 2008 2007

(unaudited) (audited)

Cash and cash equivalents $6,300,638 $7,722,816

Accounts receivable, net 311,837 565,613

Inventories, net 1,337,870 1,037,164

Prepaid expenses and other current

assets 657,820 522,067

Property and equipment, net 1,644,416 1,650,632

Patented technology and intangibles,

net 4,568,916 4,766,330

Other long-term assets 748,023 661,067

Total assets $15,569,520 $16,925,689

Total current liabilities $5,545,073 $5,255,392

Long-term liabilities 2,849,334 3,241,992

Stockholder's equity 7,175,113 8,428,305

Total liabilities and stockholder's

equity $15,569,520 $16,925,689


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SOURCE Cardium Therapeutics, Inc.
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