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

r 30, 2008, SG&A costs decreased 11% to $3.6 million compared to $4.0 million for the nine-month period ended September 30, 2007. The decrease is primarily attributable to activities undertaken during the third and fourth quarters of 2007, including the closure of the Company's international marketing office in Barbados and staff reductions at the corporate head office.

For the three months ended September 30, 2008, the net loss increased to $3.0 million from $2.5 million for the three months ended September 30, 2007. Included in the net loss for the third quarter is a non-cash extinguishment loss of $0.3 million related to the accounting treatment of the amendments to the November 2004 debentures which extended their maturity by one year. Included in the net loss for the comparative period is a $0.5 million gain relating to the sale of assets. Excluding the impact of these items, the net loss would have declined to $2.7 million in the current quarter compared to $3.0 million a year ago. For the nine months ended September 30, 2008, the net loss declined by 10% to $8.1 million from $9.0 million for the nine months ended September 30, 2007.

Cash used in operations was $2.2 million for the three months ended September 30, 2008 compared to $3.0 million for the three months ended September 30, 2007. Although the net loss for the quarter ended September 30, 2008 was $0.5 million higher than the comparable period it included several non-cash items including the $0.3 million extinguishment loss on the convertible debentures, higher accretion charges and a $0.3 million foreign exchange loss. In addition, the comparable quarter included a non-cash gain of $0.5 million on the sale of assets and a foreign exchange gain. Overall, cash provided by operating activities was $0.3 million in the quarter versus cash used in operating activities of $3.0 million in the third quarter of 2007. The improvement is due to the $1.4 million recovery of non-cash working capital a
'/>"/>

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

Page: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15

Related medicine news :

1. Cardo Medical Announces FDA Clearance of the Align 360 Total Knee System
2. Avaya Platinum Partner Merrill & Associates Announces Engineering and Application Strategy
3. Jenny Craig Announces Finalists for the 2008 Ideal Size Contest
4. WorldHeart Announces Effectiveness of Reverse Stock Split
5. XELR8 Holdings Announces Conference Call to Review Third Quarter Financial Results
6. Onyx Pharmaceuticals Announces Third Quarter 2008 Financial Results Teleconference and Webcast
7. Foundation Radiology Group Announces Multi-Year Deal with Charles Cole Memorial Hospital
8. Morria Biopharmaceuticals Plc Announces Preliminary Results Regarding Inflammatory Markers From its Phase II Study in Allergic Rhinitis
9. Berger & Montague Announces Class Action Lawsuit Against Elan Corporation
10. Blackboard Announces Launch of Beta Program
11. Wound Management Technologies, Inc. Announces Strategic Business Directions, Recent Conference Presentation, in Addition to Symposium Exhibit Plans for Las Vegas
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:3/3/2015)... Mansfield, Texas (PRWEB) March 03, 2015 ... natural childbirth, announced today they now have over 130 ... Canada and 1 in Germany. In addition, the company ... joining their existing childbirth educator certification program . ... both mom and her birth partner. The practical information ...
(Date:3/3/2015)... March 3, 2015, My Positive Perspective host was ... was a unique one, not just because it was the ... two men who were both faced with monumental obstacles after ... the episode, Deierlein said to Collins, “I had the opportunity ... I’m very excited that you could join me on the ...
(Date:3/3/2015)... Wisconsin (PRWEB) March 03, 2015 Presale tickets ... Onsales to the general public begin on March 9, with ... the globe. Every tour performed by the talented artist is ... will be no exception. , Visit Ticketability.com to ... With a new album for fans to enjoy, the 2015 ...
(Date:3/3/2015)... Venato, a secure cloud-based credential ... flagship software solution now provides an automated mechanism ... to the National Healthcare Safety Network (NHSN). ... require that hospitals submit healthcare personnel (HCP) influenza ... May 15 for each influenza season in order ...
(Date:3/3/2015)... 03, 2015 Chicago has long been known ... Michael Jordan, brought a level of basketball to Chicago that ... experience again since his Chicago Bulls days in the 1990’s. ... to this day. This era also witnessed the birth and ... Due to this rich basketball culture, US Sports Camps seeks ...
Breaking Medicine News(10 mins):Health News:Expectant Couples Worldwide Can Now Receive Training and Education in Natural Childbirth and Breastfeeding from Birth Boot Camp 2Health News:My Positive Perspective Releases Episode #200 With Car Accident and Coma Survivor Nick Collins 2Health News:Presale Tickets for Madonna: Ticketability.com Announces Madonna Tour Tickets for Sale at Reduced Prices for the Rebel Heart Tour During Presales 2Health News:Venato Incorporates Automated NHSN Reporting Tool to Their Software Solution 2Health News:US Sports Camps and Nike Basketball Camps Add Five New Locations In and Around Chicago for the Summer of 2015 2
... could point to novel therapies to prevent cancer spread, or ... School of Medicine have targeted a sugar that supports ... is the most common cause of cancer death and an ... according to first author Mark M. Fuster, M.D., assistant professor ...
... recognition of ecotherapy as a clinically-valid frontline treatment for mental ... show the therapy is effective. ,Mind, a leading ... mental health. It has released a report saying that 71 ... cent report depression increase after urban walk. ,Backed ...
... the National Institutes of Health has awarded Emory University ... to test schizophrenic patients for a recently discovered variation ... Stephen T. Warren, PhD, Timmie Professor and chair of ... a severe and common psychiatric disorder that has a ...
... women with a history of migraine and other headaches are ... the eye which can lead to severe vision problems ... to a study published in the May 15, 2007, issue ... Neurology. ,For the study, researchers reviewed the headache ...
... news for the horizontally inclined. An American inventor has ... walk, and lose weight , while working at the ... Rochester, Minn., who designed the standup "walk-and-work" desk, suggest ... perform what are traditionally sit-down tasks. The workstation can ...
... study of 62 youngsters has revealed that low tar, low ... as regular cigarettes . ,All the participants in ... were in their mid-twenties. ,Twenty of them had ... years, while 20 other participants had smoked regular cigarettes for ...
Cached Medicine News:Health News:Targeting Sugar on Blood Vessels may Inhibit Cancer Growth 2Health News:Now a Green Agenda for Mental Health 2Health News:Now a Green Agenda for Mental Health 3Health News:Now a Green Agenda for Mental Health 4Health News:NIH Awards Emory $3.6 Million for Schizophrenia Gene Research 2Health News:Mid-Life Headaches May Increase Risk of Vision Problems 2Health News:Stand Up And Get Back To Work! 2
(Date:3/3/2015)... 2015   VWR  (NASDAQ:  VWR), a leading, ... announced today the expansion of its distribution agreement ... allows VWR increased access to NEB,s growing product ... and Puerto Rico.  In addition, customers will now ... platform, sales organization, and VWRCATALYST, our onsite services ...
(Date:3/3/2015)...  The eleventh annual Tucson Symposium will be held ... research scientists, academics, oncologists and pathologists will gather to ... new outcomes in patient treatments that may significantly affect ... Ventana Medical Systems, Inc. (Ventana), a member of ... at the Hilton El Conquistador in Tucson, ...
(Date:3/3/2015)... and NEW YORK , March ... PTBI ), a biopharmaceutical company advancing protein biologic therapies ... present at the 27 th Annual ROTH Capital ... 2015, at The Ritz-Carlton, Laguna Niguel in Dana Point, ... Harrison Wehner , is scheduled to present a corporate ...
Breaking Medicine Technology:VWR Announces Expansion of Distribution Agreement with New England Biolabs 2Global scientific collaborators to explore latest pathology and oncology advancements at Tucson Symposium 2PlasmaTech Biopharmaceuticals To Present at 27th Annual ROTH Capital Partners Conference 2
... May 17, 2012 Telepharmacy is helping pharmacies ... and alleviate staffing shortages experienced by many rural ... States. Telepharmacy allows for a pharmacy technician to ... pharmacist through state-of-the-art telecommunications technology to prepare prescriptions. ...
...  Mylan Inc. (Nasdaq: MYL ) today announced that ... the U.S. Food and Drug Administration (FDA) for its Abbreviated ... and 300 mg. The company was the first to have ... to the FDA for Clopidogrel Tablets, 300 mg, and was ...
Cached Medicine Technology:Rural Health-Systems Benefit From Remote Pharmacy Technician Supervision 2Rural Health-Systems Benefit From Remote Pharmacy Technician Supervision 3Mylan Launches Generic Version of Plavix® Tablets 2
... GEs premier digital cardiovascular system that brings ... echocardiography, and a new dimension of comfort ... customer input, using Six Sigma practices, GE ... that delivers what customers want: Better image ...
... Radi invented the guidewire-mounted pressure sensor ... PressureWire5 Sensor is the only sensor ... temperature and flow. With significantly improved ... as your primary guidewire, as well ...
The Androscope i-stethos is the next revolution in electronic auscultation. Plus, the ability to filter out ambient sounds, so healthcare professionals even those in noisy places like the ER could ...
... the best EMR value for many medical ... Charting Plus™ relies heavily on a user-friendly ... improve documentation quality and increase productivity in ... specific to your medical specialty. Each program ...
Medicine Products: