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Nuvo announces 2009 first quarter financial results
Date:4/30/2009

4,781 3,423 ------------------------------------------------------------------------- NET LOSS AND TOTAL COMPREHENSIVE LOSS (2,868) (2,271) Deficit, beginning of period (199,592) (189,040) ------------------------------------------------------------------------- DEFICIT, END OF PERIOD (202,460) (191,311) ------------------------------------------------------------------------- ------------------------------------------------------------------------- Net loss per common share - basic and diluted $ (0.01) $ (0.01) ------------------------------------------------------------------------- ------------------------------------------------------------------------- Average number of common shares outstanding - basic and diluted (millions) 319.6 299.5 ------------------------------------------------------------------------- ------------------------------------------------------------------------- NUVO RESEARCH INC. CONSOLIDATED STATEMENTS OF CASH FLOWS Three-months ended March 31, March 31, Unaudited 2009 2008 (thousands of Canadian dollars) $ $ ------------------------------------------------------------------------- OPERATING ACTIVITIES Net loss (2,868) (2,271) Items not involving current cash flows: Amortization 149 205 Deferred revenue recognized (560) (261) Stock-based compensation and payments
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