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Nuvo announces 2009 third quarter financial results
Date:10/28/2009

ted (millions) 388.8 310.1 353.9 304.2 ------------------------------------------------------------------------- ------------------------------------------------------------------------- NUVO RESEARCH INC. CONSOLIDATED STATEMENTS OF CASH FLOWS Three months Nine months ended ended Unaudited September September September September (thousands of Canadian 30, 2009 30, 2008 30, 2009 30, 2008 dollars $ $ $ $ ------------------------------------------------------------------------- OPERATING ACTIVITIES Net loss (2,725) (3,004) (7,257) (8,139) Items not involving current cash flows: Amortization 153 221 450 633 Deferred revenue recognized (560) (560) (1,680) (1,271) Stock-based compensation and payments 131 131 395 497 Deferred stock unit expense 12 - 251 - Accretion of interest on debentures 117 295 412 729 Loss on extinguishment of convertible debenture - 299 - 299 Other 721 408 464 147 Net change in non-cash working capital (422) 1,400 (998) 1,058 Proceeds from licensing arrangements and advances on research contracts - 1,093 11,341 1,093 ------------------------------------------------------------------------- CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES (2,573)
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