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QLT announces first quarter results for 2009
Date:4/28/2009

----------------------------------------------------------- 146,844 148,528 ------------------------------------------------------------------------- SHAREHOLDERS' EQUITY Common shares 514,009 702,221 Additional paid-in capital 267,906 123,367 Accumulated deficit (578,263) (579,564) Accumulated other comprehensive income 87,828 97,206 ------------------------------------------------------------------------- 291,480 343,230 ------------------------------------------------------------------------- $ 438,324 $ 491,758 ------------------------------------------------------------------------- ------------------------------------------------------------------------- As at March 31, 2009, there were 54,620,328 issued and outstanding common shares and 5,103,929 outstanding stock options. QLT Inc. CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS 2009 First Quarter Reconciliation of GAAP Earnings to Adjusted Non-GAAP Earnings Exhibit 1 ------------------------------------------------------------------------- ------------------------------------------------------------------------- (In millions of Three months Three months United States dollars, ended ended except per share March 31, 2009 March 31, 2009 information) GAAP Adjustments Non-GAAP(1) ------------------------------------------------------------------------- (Unaudited) Revenues Net product revenue $ 20.8
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