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Novadaq Reports Financial Results for the First Quarter of 2008



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


34,714,219 41,720,114





(expressed in U.S. $)


Three months Three months

ended ended

March 31, March 31,

2008 2007

$ $



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

Service revenue 358,077 -


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

Cost of sales 1,468,191 748,062


Gross profit 1,304,471 679,362


Operating expenses

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

Research and development 1,612,091 1

SOURCE Novadaq Technologies Inc.
Copyright©2008 PR Newswire.
All rights reserved

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