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Nuvo announces second quarter 2008 financial results
Date:7/31/2008

794 146 1,685 93

Other revenue

Licensing fees 250 250 500 500

Research and other contract

revenue 40 118 51 144

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1,084 514 2,236 737

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EXPENSES

Research and development 2,133 1,716 4,237 3,462

Selling, general and

administrative expenses 1,162 1,333 2,286 2,780

Stock-based compensation 216 211 366 374

Amortization of property,

plant, and equipment

and intangibles 207 215 412 426

Foreign currency (gain) loss 36 (91) (243) (81)

Interest expense 325 273 628 539

Interest income (131) (109) (315) (242)

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3,948 3,548 7,371 7,258

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Net Loss for the period and

total comprehensive loss (2,864) (3,034) (5,135) (6,521)

Deficit,

beginning of period (191,311) (180,151) (189,040) (176,664)

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DEFICIT, END OF PERIOD (194,175) (183,185) (194,175) (183,185)

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Average number of basic

and diluted common shares

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

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