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Cell Therapeutics, Inc.'s Second Quarter 2008 Financial Results
Date:8/17/2008

ain on derivative liabilities 31,433 906 43,177 3,614

Loss on exchange of

convertible notes (3,313) - (5,608) -

Write-off of financing

arrangement costs (2,361) - (2,361) -

Settlement expense - (17) - (160)

Loss before minority interest (58,054) (25,962) (96,250) (52,076)

Minority interest in net loss

of subsidiary 31 - 63 -

Net loss (58,023) (25,962) (96,187) (52,076)

Preferred stock beneficial

conversion feature (1,067) (1,789) (1,067) (4,383)

Preferred stock dividends (226) (150) (468) (181)

Deemed dividends on conversion

of preferred stock - - (16,198) -

Net loss attributable to common

shareholders $(59,316) $(27,901) $(113,920) $(56,640)

Basic and diluted net loss per

common share $(0.52) $(0.65) $(1.23) $(1.41)

Shares used in calculation of

basic and diluted net loss per

common share 114,470 42,713 92,772 40,165

Balance Sheet Data: (amounts in thousands)

June 30, December 31,

2008 2007

Cash and cash equivalents, securities

available-for-sale and interest (unaudited)

receivable $12,419 $18,392

Restricted cash 26,862 -

Working capital (3,023) (30,909)

Total assets
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SOURCE Cell Therapeutics, Inc.
Copyright©2008 PR Newswire.
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