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NovaBay announces third quarter 2007 financial results
Date:11/15/2007

------------- ------------- ------------- -------------

Total revenue 208 1,444 208 4,392

EXPENSES

Operating Expenses:

Research and

development 1,122 2,051 2,441 5,580

General and

administrative 634 1,021 2,065 3,125

------------- ------------- ------------- -------------

Total operating

expenses 1,756 3,072 4,506 8,705

Other income, net 58 72 97 307

------------- ------------- ------------- -------------

Net loss $ (1,490) $ (1,556) $ (4,201) $ (4,006)

------------- ------------- ------------- -------------

------------- ------------- ------------- -------------

Basic and diluted

net loss per

share $ (0.24) $ (0.24) $ (0.76) $ (0.62)

Shares used to

compute basic and

diluted net loss

per share 6,234 6,564 5,524 6,494

NOVABAY PHARMACEUTICALS, INC.

(a development stage company)

CONDENSED BALANCE SHEETS

(in thousands)

December 31, September 30,

2006 2007

------------- -------------

(unaudited)

ASSETS

Current assets:

Cash, cash equivalents and investments $ 11,086 $ 6,881

Prepaid expenses and other current assets 226 364


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SOURCE NovaBay Pharmaceuticals, Inc.
Copyright©2007 PR Newswire.
All rights reserved

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