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Biopure Announces 2007 Fourth Quarter and Year-End Financial Results
Date:1/28/2008

OPERATIONS

(In thousands, except per share data)

(Unaudited)

Three Months Ended Twelve Months Ended

October 31 October 31

2007 2006 2007 2006

Total revenues $793 $431 $2,556 $1,715

Cost of product revenues 2,628 2,643 11,654 11,994

Gross loss (1,835) (2,212) (9,098) (10,279)

Operating expenses:

Research and development 1,575 1,550 6,972 6,662

Impairment charge -

engineering and design

asset 11,277 ----- 11,277 -----

Sales and marketing 290 147 1,389 671

General and administrative 1,823 2,489 8,188 9,315

Total operating expenses 14,965 4,186 27,826 16,648

Loss from operations (16,800) (6,398) (36,924) (26,927)

Other income, net 114 117 642 473

Net loss $(16,686) $(6,281) $(36,282) $(26,454)

Basic and diluted net

loss per common share $(1.07) $(0.66) $(2.43) $(3.35)

Weighted-average common

shares outstanding 15,593 9,511 14,920 7,886

The net loss per common share for the three and twelve month period ended October 31, 2006 has been adjusted to reflect the one-for-five reverse split that took effect on October 2, 2007.

CONDENSED CONSOLIDATED BALANCE SHEETS

(In thousands)

(Unaudited)

October 31, 2007 October 31, 2006

Assets

Total current assets $5,253 $10,621

Net property and equipment 8,398 22,406

Other assets
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SOURCE Biopure Corporation
Copyright©2008 PR Newswire.
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