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Nuvo announces first quarter 2008 financial results







Three-months ended

Unaudited March 31, March 31,

(thousands of Canadian dollars 2008 2007

except per share amounts) $ $



Product sales 1,975 702

Cost of goods sold 1,084 755


Gross margin (loss) on product sales 891 (53)

Other revenue

Licensing fees 250 250

Research and other contract revenue 11 26


1,152 223



Research and development 2,104 1,746

Selling, general and administrative expenses 1,124 1,447

Stock-based compensation 150 163

Amortization of property, plant, and equipment

and intangibles 205 211

Foreign currency (gain) loss

SOURCE Nuvo Research Inc.
Copyright©2008 PR Newswire.
All rights reserved

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