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

TOTAL ASSETS 26,562 28,647

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LIABILITIES AND SHAREHOLDERS' EQUITY

CURRENT

Accounts payable and accrued liabilities 3,044 2,994

Short term loan 637 587

Deferred revenue 1,200 1,211

Current portion of long term debt and capital

lease obligations 104 94

Current portion of debentures 500 500

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TOTAL CURRENT LIABILITIES 5,485 5,386

Deferred revenue 4,919 5,169

Long term debt and capital lease obligations 202 222

Debentures 2,213 2,006

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TOTAL LIABILITIES 12,819 12,783

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SHAREHOLDERS' EQUITY

Common shares 187,890 187,877

Warrants 11,243 11,243

Contributed surplus 5,807 5,670

Accumulated other comprehensive income 114 114

Deficit (191,311) (189,040)

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TOTAL SHAREHOLDERS' EQUITY 13,743 15,864

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SOURCE Nuvo Research Inc.
Copyright©2008 PR Newswire.
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