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

,294,876

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

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6,301,823 4,565,122

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

Interest expense - (9,396)

Interest income 158,420 194,023

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

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

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

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

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CONSOLIDATED STATEMENTS OF CASH FLOWS

(expressed in U.S. $)

Unaudited

Three months Three months

ended ended

March 31, March
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SOURCE Novadaq Technologies Inc.
Copyright©2008 PR Newswire.
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