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Neurobiological Technologies, Inc. Reports First Quarter Fiscal Year 2009 Financial Results
Date:11/6/2008

- FINANCIAL TABLES TO FOLLOW -

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)

(in thousands, except per share data)

Three months ended

September 30,

2008 2007

REVENUES

Royalty $2,078 $1,981

Technology sale and collaboration services 1,487 1,919

Total revenues 3,565 3,900

EXPENSES

Research and development 5,452 5,460

General and administrative 1,331 1,659

Total expenses 6,783 7,119

Operating loss (3,218) (3,219)

Interest income 249 28

Gain on sale of long-term investments 170 --

Interest expense, including non-cash

amortization of $588 discount on

notes for the three months ended

September 30, 2007 -- (633)

Non-cash gain on decrease in fair

value of warrants 37 2,902

NET LOSS $(2,762) $(922)

BASIC AND DILUTED NET LOSS PER SHARE $(0.10) $(0.19)

Shares used in basic and diluted net loss

per share calculation 26,924 4,772

SELECTED CONSOLIDATED BALANCE SHEET DATA

(in thousands)

September 30, June 30,


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SOURCE Neurobiological Technologies, Inc.
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