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Neovasc Inc. Reports Second Quarter 2009 Financial Results
Date:8/19/2009

------------------------------------------------------------------------- DEFICIT, END OF PERIOD $(62,966,654) $(29,287,646) $(62,966,654) $(29,287,646) ------------------------------------------------------------------------- ------------------------------------------------------------------------- ------------------------------------------------------------------------- BASIC AND DILUTED LOSS PER SHARE $ (0.05) $ (0.34) $ (0.14) $ (0.66) ------------------------------------------------------------------------- ------------------------------------------------------------------------- WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING 27,384,365 5,560,477 22,570,658 5,560,477 WEIGHTED AVERAGE NUMBER OF FULLY DILUTED SHARES OUTSTANDING 28,215,935 5,560,477 23,406,692 5,560,477 ------------------------------------------------------------------------- ------------------------------------------------------------------------- Neovasc Inc. (formerly Medical Ventures Corp.) Consolidated Statements of Cash Flows For the three and six months ended June 30 ------------------------------------------------------------------------- ------------------------------------------------------------------------- Three months ended June 30 Six months ended June 30 2009 2008 2009 2008 ------------------------------------------------------------------------- OPERATING ACTIVITIES Net loss for the period $ (1,330,451) $ (1,915,673) $ (3,076,691) $ (3,657,248) Items not affecting cash Inventory write down - 94,404 - 94,404 Amortization 31,103 75,670 63,459 121,436
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SOURCE Neovasc Inc.
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