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Senesco Technologies Reports Third Quarter Fiscal 2009 Financial Results
Date:5/4/2009

From Inception For the Nine For the Nine on July 1, 1998 Months Ended Months Ended through March 31, March 31, March 31, 2009 2008 2009 ------------ ------------ ------------- Revenue $275,000 $456,667 $1,450,000 ------------ ------------ ------------- Operating Expenses: General and administrative 1,711,166 1,851,876 23,436,622 Research and development 1,624,166 1,219,325 11,581,761 ------------ ------------ ------------- Total Operating Expenses 3,335,332 3,071,201 35,018,383 ------------ ------------ ------------- Loss From Operations (3,060,332) (2,614,534) (33,568,383) Sale of state income tax loss, net -- -- 586,442 Other noncash income -- -- 321,259 Interest income, net 41,788 76,013 522,025 Amortization of debt discount and financing costs (319,637) (120,271) (988,400) Interest expense on convertible notes (799,043) (255,309) (1,233,197) ------------ ------------ ------------- Net Loss $(4,137,224) $(2,914,101) $(34,360,254) ============ ============ ============= Basic and Diluted Net Loss Per Common Share $(0.22) $(0.17) ============ ============ Basic and Diluted Weighted Average Number of Common Shares Outstanding 18,678,
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SOURCE Senesco Technologies, Inc.
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