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

- 28 ------------------------------------------------------------------------- CASH USED IN INVESTING ACTIVITIES (391) (123) ------------------------------------------------------------------------- FINANCING ACTIVITIES Issuance of common shares and warrants, net of related costs 11,704 1,115 Issuance of debentures, net of related costs - 1,956 Costs related to the November 2004 Unsecured Convertible Debenture amendments - (32) Repayments of long-term debt and capital lease obligations (243) (630) ------------------------------------------------------------------------- CASH PROVIDED BY FINANCING ACTIVITIES 11,461 2,409 ------------------------------------------------------------------------- Effect of exchange rate changes on cash and cash equivalents (446) 257 ------------------------------------------------------------------------- ------------------------------------------------------------------------- Net change in cash and cash equivalents during the year 26,883 (6,572) Cash and cash equivalents, beginning of year 15,219 21,791 ------------------------------------------------------------------------- CASH AND CASH EQUIVALENTS, END OF YEAR 42,102 15,219 ------------------------------------------------------------------------- ------------------------------------------------------------------------- Interest paid 363 256 -------------------------------------------------------------------------
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