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Senesco Technologies Reports Second Quarter Fiscal 2008 Financial Results
Date:2/15/2008

ements contained herein are made only as of the date of this press release, and the Company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.

SENESCO TECHNOLOGIES, INC. AND SUBSIDIARY

(A DEVELOPMENT STAGE COMPANY)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(unaudited)

For the For the

Three Months Ended Three Months Ended

December 31, December 31,

2007 2006

Revenue $6,250 $181,250

Operating Expenses:

General and administrative 585,851 1,103,594

Research and development 392,254 239,395

Total Operating Expenses 978,105 1,342,989

Loss From Operations (971,855) (1,161,739)

Sale of state income tax loss, net -- --

Other noncash income -- --

Interest income, net 25,227 26,102

Amortization of debt discount

and financing costs (283,207) --

Interest expense on

convertible notes (64,836) --

Net Loss $(1,294,671) $(1,135,637)

Basic and Diluted

Net Loss Per Common Share $(0.07) $(0.07)

Basic and Diluted

Weighted Average Number

of Common Shares Outstanding 17,474,870 17,257,791

From


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SOURCE Senesco Technologies, Inc.
Copyright©2008 PR Newswire.
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