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Westaim announces 2007 third quarter results
Date:11/13/2007

ree Months Ended Nine Months Ended

September 30 September 30

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Segmented Information 2007 2006 2007 2006

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Revenue

Nucryst Pharmaceuticals $ 7,839 $ 8,203 $ 20,656 $ 22,451

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Operating loss

Nucryst Pharmaceuticals $ (195) $ (2,638) $ (4,167) $ (9,016)

iFire Technology (8,358) (8,443) (26,982) (28,731)

Other (including

corporate costs) (4,194) 229 (8,979) (4,817)

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Operating loss $ (12,747) $ (10,852) $ (40,128) $ (42,564)

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Consolidated September December

Balance Sheets 30, 2007 31, 2006

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Cash and short-term

investments $ 32,645 $ 62,832

Current assets 51,247 80,256

Other assets 64,099 68,083

Current liabilities 13,701 15,797

Shareholders' equity 82,680 112,977


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SOURCE Westaim Corporation
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