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

Inception on

For the For the July 1, 1998

Six Months Ended Six Months Ended through

December 31, December 31, December 31, 2007

2007 2006

Revenue $377,500 $262,500 $1,095,833

Operating Expenses:

General and

administrative 974,910 1,486,879 20,409,103

Research and

development 745,149 548,743 8,938,318

Total Operating

Expenses 1,720,059 2,035,622 29,347,421

Loss From

Operations (1,342,559) (1,773,122) (28,251,588)

Sale of state

income tax loss, net -- -- 586,442

Other noncash income -- -- 321,259

Interest income, net 32,106 37,020 411,894

Amortization of debt

discount and

financing costs (298,428) -- (298,428)

Interest expense

on convertible notes (67,836) -- (67,836)

Net Loss $(1,676,717) $(1,736,102) $(27,298,257)

Basic and Diluted

Net Loss Per

Common Share $(0.10) $(0.11)

Basic and Diluted

Weighted Average

Number of Common

Shares Outstanding 17,474,282 16,369,220

SENESCO TECHNOLOGIES, INC. AND SUBSIDIARY

(A DEVELOPMENT STAGE COMPANY)

CONDENSED CONSOLIDATED BALANCE SHEETS

December 31, June 30,

2007 2007

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SOURCE Senesco Technologies, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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