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Westaim announces 2008 first quarter results
Date:5/12/2008

tock Exchange under the trading symbol WED.

A more detailed discussion of Westaim's 2008 first quarter results can be found at http://www.westaim.com and http://www.sedar.com.

THE WESTAIM CORPORATION

Financial Highlights

(unaudited)

(thousands of dollars except per share data)

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Three Months Ended March 31

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Consolidated Statements of Operations 2008 2007

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Revenue $ 5,209 $ 6,131

Income from continuing operations 3,227 1,899

Net loss (6,857) (6,700)

Net income (loss) per common share -

basic and diluted

Continuing operations 0.03 0.02

Net loss (0.07) (0.07)

Weighted average number of common

shares outstanding (thousands) 94,186 93,992

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Three Months Ended March 31

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Segmented Information 2008 2007

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Revenue from continuing operations

Nucryst Pharmaceuticals $ 5,209 $ 6,131

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SOURCE Westaim Corporation
Copyright©2008 PR Newswire.
All rights reserved

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