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PreMD Reports First Quarter Results
Date:5/15/2008

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2008 2007

$ $

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REVENUE

Product sales 8,700 18,084

License revenue 26,670 -

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35,370 18,084

Cost of product sales 941 4,846

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Gross Profit 34,429 13,238

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EXPENSES

Research and development 542,875 640,837

General and administration 444,011 640,964

Interest on long-term debt 171,728 163,583

Imputed interest on long-term debt 290,279 248,346

Amortization 22,363 41,380

Loss (gain) on foreign exchange 281,222 (83,553)

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1,752,478 1,651,557

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RECOVERIES AND OTHER INCOME

Investment tax credits 25,000 22,000

Interest 10,320 27,124

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SOURCE PreMD Inc.
Copyright©2008 PR Newswire.
All rights reserved

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