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Spectral announces 2008 financial results
Date:3/12/2009

---------------------- Spectral Diagnostics Inc. Statements of Operations, Comprehensive Loss and Deficit For the years ended December 31, 2008 and 2007 ------------------------------------------------------------------------- (in thousands of dollars, except share and per share data) 2008 2007 $ $ Sales 3,011 2,993 Cost of sales 796 855 ---------------------------- Gross margin 2,215 2,138 ---------------------------- Operating expenses Selling, general and administrative 3,264 3,167 Amortization 592 536 Foreign exchange (gain) loss (117) 102 Stock-based compensation 110 117 Research and product development, net of tax credits 32 (59) ---------------------------- 3,881 3,863 ---------------------------- Loss before the following (1,666) (1,725) Interest expense on convertible notes payable (164) (165) Other net interest income 328 224 ---------------------------- Loss and comprehensive loss for the year (1,502) (1,666) Deficit - Beginn
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