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NUVO announces third quarter 2008 financial results
Date:10/30/2008

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TOTAL LIABILITIES 14,511 12,783

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SHAREHOLDERS' EQUITY

Common shares 189,146 187,877

Warrants 10,847 11,243

Contributed surplus 6,754 5,670

Accumulated other comprehensive income 114 114

Deficit (197,179) (189,040)

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TOTAL SHAREHOLDERS' EQUITY 9,682 15,864

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TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 24,193 28,647

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NUVO RESEARCH INC.

CONSOLIDATED STATEMENTS OF LOSS, COMPREHENSIVE LOSS AND DEFICIT

Unaudited Three-months Nine-months

(thousands of ended ended

Canadian dollars September 30, September 30, September 30, September 30,

except per share 2008 2007 2008 2007

amounts) $ $ $ $

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REVENUE

Product sales 1,808 2,233 5,578 4,002

Cost of goods sold 1,281 1,374 3,366 3,050

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Gross margin on

product sales 527 859
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SOURCE Nuvo Research Inc.
Copyright©2008 PR Newswire.
All rights reserved

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