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Nuvo Research announces 2009 fourth quarter and year-end financial results
Date:2/19/2010

12,536 6,890 Accumulated other comprehensive income 114 114 Deficit (185,278) (199,592) ------------------------------------------------------------------------- TOTAL SHAREHOLDERS' EQUITY 37,458 7,862 ------------------------------------------------------------------------- TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 48,550 21,435 ------------------------------------------------------------------------- ------------------------------------------------------------------------- NUVO RESEARCH INC. CONSOLIDATED STATEMENTS OF INCOME (LOSS) AND COMPREHENSIVE INCOME (LOSS) Year ended Year ended December 31, December 31, (Canadian dollars in thousands, 2009 2008 except per share and share figures) $ $ ------------------------------------------------------------------------- REVENUE Product sales 8,795 8,008 Cost of goods sold 5,534 4,809 ------------------------------------------------------------------------- Gross margin on product sales 3,261 3,199 Other revenue Licensing fees 29,553 2,514 Research and other contract revenue 299 205 ------------------------------------------------------------------------- 33,113 5,918 ------------------------------------------------------------------------- EXPENSES Research and development 8,575 9,263 Selling,
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SOURCE Nuvo Research Inc.
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