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Nuvo announces first quarter 2008 financial results
Date:5/1/2008

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Items not involving current cash flows:

Amortization 205 211

Deferred revenue recognized (261) (276)

Stock-based compensation and payments 150 295

Accretion of interest on debentures 207 145

Other (352) (12)

Net change in non-cash working capital balances (626) 160

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CASH USED IN OPERATING ACTIVITIES (2,948) (2,964)

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INVESTING ACTIVITIES

Acquisition of property, plant and equipment (27) -

Proceeds from sale of assets 28 -

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CASH PROVIDED BY INVESTING ACTIVITIES 1 -

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FINANCING ACTIVITIES

Issuance of common shares, net of related costs - 5,330

Repayments of long term debt and capital lease

obligations (44) (328)

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CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES (44) 5,002

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Effect of exchange rate changes on cash and cash

equivalents 261 (5)

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Net increase (decrease) in cash a
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SOURCE Nuvo Research Inc.
Copyright©2008 PR Newswire.
All rights reserved

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