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Novadaq Reports Financial Results for the First Quarter of 2008


General and administration 1,459,018 878,466

Depreciation 88,815 51,955

Amortization 308,247 121,522

Loss on foreign exchange 49,526 1,418


6,301,823 4,565,122


Loss before the following (4,997,352) (3,885,760)

Interest expense - (9,396)

Interest income 158,420 194,023


Net loss and comprehensive loss for the period (4,838,932) (3,701,133)

Deficit, beginning of period (50,336,656) (34,675,721)


Deficit, end of period (55,175,588) (38,376,854)



Basic and fully diluted loss per share (0.20) (0.19)




(expressed in U.S. $)


Three months Three months

ended ended

March 31, March

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

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