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Novadaq Reports Financial Results for the First Quarter of 2008
Date:5/12/2008

6)

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Total shareholders' equity 29,352,504 33,989,175

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34,714,219 41,720,114

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CONSOLIDATED STATEMENTS OF LOSS AND

COMPREHENSIVE LOSS AND DEFICIT

(expressed in U.S. $)

Unaudited

Three months Three months

ended ended

March 31, March 31,

2008 2007

$ $

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Revenues

Product sales 2,414,585 1,427,424

Service revenue 358,077 -

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Total revenues 2,772,662 1,427,424

Cost of sales 1,468,191 748,062

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Gross profit 1,304,471 679,362

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Operating expenses

Sales and marketing 2,784,126 2,216,885

Research and development 1,612,091 1
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SOURCE Novadaq Technologies Inc.
Copyright©2008 PR Newswire.
All rights reserved

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