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Senesco Technologies Reports Third Quarter Fiscal 2008 Financial Results
Date:5/16/2008

-- -- --

Other noncash -- -- --

income 43,907 20,916 76,013

Interest income, net (628,626) -- (927,054)

Amortization of debt

discount and financing

costs

Interest expense on

convertible notes (187,473) -- (255,309)

Net Loss $(2,044,167) $(801,317) $(3,720,884)

Basic and Diluted Net

Loss Per Common Share $(0.12) $(0.05) $(0.21)

Basic and Diluted

Weighted Average

Number of Common

Shares Outstanding 17,583,461 17,473,694 17,510,410

SENESCO TECHNOLOGIES, INC. AND SUBSIDIARY

(A DEVELOPMENT STAGE COMPANY)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(unaudited)

From

For the Inception

Nine on July 1,

Months 1998

Ended through

March 31, March 31,

2007 2008

Revenue $268,750 $1,175,000

Operating Expenses:

General and administrative 2,001,068 21,286,069

Research and development 863,037 9,412,494

Total Operating Expenses 2,864,105 30,698,563

Loss From Operations $(2,595,355) $(29,523,563)

Sale of state income tax loss, net -- 586,442

Other noncash -- 321,2
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SOURCE Senesco Technologies, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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