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QLT announces first quarter results for 2008
Date:4/25/2008

2,080 1,373

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Net (loss) income $ (10,471) $ 4,863

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Basic net (loss) income per common share

Continuing operations $ (0.17) $ 0.05

Discontinued operations 0.03 0.02

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Net loss $ (0.14) $ 0.06

Diluted net (loss) income per common share

Continuing operations $ (0.17) $ 0.05

Discontinued operations 0.03 0.02

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Net loss $ (0.14) $ 0.06

Weighted average number of common shares

outstanding (in thousands)

Basic 74,620 75,283

Diluted 74,620 75,375

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(1) Amount accrued on Visudyne sales pursuant to and pending outcome of

appeal of the judgment rendered in the MEEI litigation.

(2) Restated to conform with discontinued operations reporting.

QLT Inc.

CONDENSED CONSOLIDATED BALANCE SHEETS

-------------------------------------

(In accordance with United States generally accepted accounting

principles)

March 31, December 31,

(In thousands of United States
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SOURCE QLT Inc.
Copyright©2008 PR Newswire.
All rights reserved

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