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Helix BioPharma reports Q2 2008 highlights, financial results
Date:3/10/2008

ng more than offset by the previous fiscal year's cost associated with the Company's annual shareholder meeting.

Loss for the period

The Company recorded a loss of $1,526,000 and $3,170,000, respectively, for the three and six month periods ended January 31, 2008, for a loss per common share of $0.04 and $0.08, respectively. In the comparative three and six month periods ended January 31, 2007, the Company recorded a loss $1,900,000 and $3,242,000, respectively, for a loss per common share of $0.05 and $0.09, respectively.

Revenues

Total revenues for the three month period ended January 31, 2008 was $791,000, compared to revenues of $892,000 for the same period last year. This represents a decrease of $101,000, or 11.3%. Total revenues for the six month period ended January 31, 2008, was $1,676,000, compared to $1,718,000 a year ago. This represents a decrease of $42,000, or 2.4%.

Product Revenue

Product revenue totaled $652,000 and $1,406,000, respectively, for the three and six month periods ended January 31, 2008 and represent a decrease of $105,000 (13.9%) and $47,000 (3.2%), respectively, when compared to same periods last year. Higher revenues from the sale of Klean-Prep(TM) in Canada were not sufficient to offset lower revenues from the sale of Orthovisc(R) in the three and six month periods ended January 31, 2008.

License Fees and Royalty Revenue

License fees and royalties totaled $139,000 and $270,000, respectively, for the three and six month periods ended January 31, 2008, and represent a slight increase of $4,000 (3.0%) and $5,000 (1.9%), respectively, when compared to same periods a year ago. The license fees and royalties for both the three and six month periods ended January 31, 2008, and 2007 are comprised solely of royalties related to sales of Klean-Prep(TM) outside of Canada.

Cost of sales and margins

Cost of sales totaled $269,000 and $582,000, respectively, for the three and s
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SOURCE Helix BioPharma Corp.
Copyright©2008 PR Newswire.
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