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Pharmos Corporation Reports 2007 Fourth Quarter and Year-end Results
Date:2/28/2008

f

warrants - (1,334) 11,435 27,445

Other (expense)

income 60,762 (18,616) 47,905 (12,712)

Other income

(expense),net 216,928 350,855 997,652 1,792,775

Loss before income

taxes (3,652,554) (24,407,129) (16,581,607) (35,749,744)

Income tax benefit (955,782) (612,775) (955,782) (612,775)

Net loss ($2,696,772) ($23,794,354) ($15,625,825) ($35,136,969)

Net loss per share

- basic and diluted ($0.11) ($1.00) ($0.61) ($1.74)

Weighted average

shares outstanding

- basic and

diluted 25,603,759 23,796,641 25,591,660 20,249,714

Select Consolidated Balance Sheet Data

December 31, 2007 December 31, 2006

Cash and short-term investments $11,168,309 $25,929,686

Working capital $9,504,348 $24,168,153

Shareholders' equity $9,984,665 $24,428,050


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SOURCE Pharmos Corporation
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