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Neurobiological Technologies Reports Second Quarter Financial Results
Date:2/11/2008

d)

Three months ended Six months ended

December 31, December 31,

2007 2006 2007 2006

REVENUES

Technology sale and

collaboration

services $1,559,937 $2,365,243 $3,479,294 $5,556,915

Royalty 2,103,186 1,655,052 4,083,629 3,244,115

Total revenues 3,663,123 4,020,295 7,562,923 8,801,030

EXPENSES

Research and

development 7,416,295 5,680,680 12,876,721 11,539,139

General and

administrative 1,912,276 1,565,672 3,571,071 3,059,321

Total expenses 9,328,571 7,246,352 16,447,792 14,598,460

Operating loss (5,665,448) (3,226,057) (8,884,869) (5,797,430)

Investment income 451,887 115,728 479,746 269,365

Interest expense,

including non-cash

amortization of

discount on notes

of $1,748,268 and

$2,336,097. (1,846,385) - (2,478,597) -

Non-cash gain on

change in fair value

of warrants 176,849 - 3,079,130 -

NET LOSS $(6,883,097) $(3,110,329) $(7,804,590) $(5,528,065)

BASIC AND DILUTED

NET LOSS PER SHARE $(0.36) $(0.74) $(0.65) $(1.31)

Shares used in basic

and diluted net loss

per share calculation 19,312,845 4,222,654 12,042,296 4,222,643

SELECTED BALANCE SHEET DATA

December 31, 2007 June 30, 2007

(unaudited) (1)

Cash and cash

equivalents &

investments $52,791,000 $8,904,000

Working capital 43,6
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SOURCE Neurobiological Technologies, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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