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NUVO announces third quarter 2008 financial results

2,212 952

Other revenue

Licensing fees 1,453 250 1,953 750

Research and other

contract revenue 28 75 79 219


2,008 1,184 4,244 1,921



Research and

development 2,556 2,743 6,793 6,205

Selling, general

and administrative

expenses 1,278 1,220 3,564 4,000


compensation 131 94 497 468

Amortization of

property, plant,

and equipment

and intangibles 221 230 633 656

Foreign currency

(gain) loss 255 (39) 12 (120)

Interest expense 418 273 1,046 812

Interest income (146) (306) (461) (548)


4,713 4,215 12,084 11,473


Loss from operations (2,705) (3,031) (7,840) (9,552)

Loss on extinguishment

of convertible

debenture (299) - (299) -

Gain on sale of assets - 508 - 508



COMPREHENSIVE LOSS (3,004) (2,523) (8,139) (9,044)

Deficit, beginning

of period (194,175) (183,18

SOURCE Nuvo Research Inc.
Copyright©2008 PR Newswire.
All rights reserved

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