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Westaim announces 2007 year-end results
Date:2/15/2008

hensive loss $ (26,952) $ (10,916) $ (59,136) $ (50,730)

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Consolidated Statements of

Deficit

Deficit at beginning of

period $(349,074) $(306,829) $(317,848) $(267,291)

Net loss for the period (26,807) (11,019) (58,033) (50,557)

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Deficit at end of period $(375,881) $(317,848) $(375,881) $(317,848)

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THE WESTAIM CORPORATION

Consolidated Balance Sheets

(unaudited)

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December 31 December 31

(thousands of dollars) 2007 2006

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ASSETS

Current

Cash and cash equivalents $ 30,993 $ 45,035

Short-term investments - 17,451

Accounts receivable 14,931 8,189

Inventories 4,373 8,506

Other 674 589

Current assets held for sale 590 486

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51,561 80,256

Investments 5,968 -

Capital assets 12,58
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SOURCE Westaim Corporation
Copyright©2008 PR Newswire.
All rights reserved

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