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Cell Therapeutics Decreases Net Loss for Nine Month Period in 2009 Compared to Same Period in 2008 by 45%
Date:11/5/2009

(799) Write-off of financing arrangement costs - - - (2,361) --- --- --- ------ Net loss before noncontrolling interest (35,077) (45,621) (68,223) (141,871) Noncontrolling interest 53 32 205 95 --- --- --- --- Net loss attributable to CTI (35,024) (45,589) (68,018) (141,776) Gain on restructuring of preferred stock - - 2,116 - Preferred stock dividends - (106) (24) (574) Deemed dividends on preferred stock (13,812) (1,951) (23,460) (19,216) ------- ------ ------- ------- Net loss attributable to CTI common shareholders $(48,836) $(47,646) $(89,386) $(161,566) ======== ======== ======== ========= Basic and diluted net loss per common share $(0.09) $(2.83) $(0.21) $(13.68) ====== ====== ====== ======= Shares used in calculation of basic and diluted net loss per common share 527,204 16,812 420,520 11,807 ======= ====== ======= ====== Balance Sheet Data: (amounts in thousands) September 30, December 31, 2009 2008 ---- ---- (unaudited) Cash and cash equivalents and securities available-for-sale $54,992 $10,671 Restricted cash - 6,640
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SOURCE Cell Therapeutics, Inc.
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