Navigation Links
Westaim announces 2008 second quarter results
Date:8/13/2008

CALGARY, Aug. 13 /PRNewswire-FirstCall/ - The Westaim Corporation announced today that for the second quarter ended June 30, 2008, it recorded a consolidated net loss of $3.0 million or 3 cents per share, on revenues of $4.8 million. In the same quarter last year, the Company recorded a consolidated net loss of $7.4 million, or 8 cents per share, on revenues of $6.7 million.

The loss from continuing operations was $1.9 million for the quarter compared to income of $2.9 million in the same period last year. Included in 2007 income from continuing operations was an $8.6 million gain on the sale of the Company's real estate assets in Fort Saskatchewan, Alberta. The loss from discontinued operations, which includes windup and operating costs at the Company's wholly owned subsidiary iFire Technology Ltd., declined significantly to $1.1 million compared to $10.3 million in the second quarter of 2007.

For the six months ended June 30, 2008, the Company posted revenues of $10.0 million and a consolidated net loss of $9.9 million or 10 cents per share. For the same period in 2007, Westaim reported revenues of $12.8 million and a net loss of $14.1 million or 15 cents per share.

Income from continuing operations for the six months ended June 30, 2008 was $1.3 million compared to income of $4.8 million in the same period last year. Results from continuing operating in 2008 benefited from a dilution gain of $6.0 million relating to the sale of a non-core subsidiary and in 2007 benefited from the $8.6 million gain on sale of the real estate and a dilution gain of $4.5 million. The loss from discontinued operations for the six months was $11.2 million, reflecting a write-down of capital assets of $7.1 million as well as severance and other windup costs at iFire, compared to a loss of $18.9 million for the first six months of 2007.

At June 30, 2008, Westaim had $40.1 million in consolidated cash and cash equivalents compared to $38.2 million at Ma
'/>"/>

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

0

GOOD

Page: 1 2 3 4

Related medicine news :

1. The Westaim Corporation update on status of short-term investments
2. Webcast Advisory - The Westaim Corporation Webcast of Conference Call to Discuss 2007 Third Quarter Results
3. Westaim announces 2007 third quarter results
4. Westaim reduces ABCP exposure
5. Webcast Advisory - The Westaim Corporation Webcast of Conference Call to Discuss 2007 Fourth Quarter Results
6. Westaim announces 2007 year-end results
7. Webcast Advisory - The Westaim Corporation Webcast of Annual Meeting of Shareholders
8. Westaim announces 2008 first quarter results
9. Webcast Advisory - The Westaim Corporation Webcast of Conference Call to Discuss 2008 Second Quarter Results
10. HHS Announces $75 Million in Supplemental Funding to States for Pandemic Flu Preparedness
11. CRC Health Group Announces Acquisition of Bayside Marin Recovery Center, San Rafael

Post Your Comments:
*Name:
*Comment:
*Email:
(Date:11/25/2009)...mentShownforthe4thStraightYear ,, WASHINGTON,...lliance-Georgia(LCA-GA)issuedthe 4thAnnualReportCa...beingmadeagainstthislethaldiseaseinthestateofGeorg...lynationalorganizationdedicatedexclusivelytopatien...ungcancer. ,, (Logo: http://www.newscom.com/cgi...
(Date:11/25/2009)...colorectal cancer also can reverse a rare stomach ...py for the disease, researchers at Vanderbilt Univ...,s disease causes thickening of the stomach lining...ell as anemia and swelling in the feet and ankles ...k for gastric cancer. Previously, the only effecti...
(Date:11/25/2009)...nder the skin kill tumor cells, study finds , ...ancer vaccine delivered in a fingernail-size impla... reports. , The method uses polymer disks, 8.5 ...r-specific antigens and implanted under the skin t...e Harvard University scientists who developed the ...
(Date:11/25/2009)... Nationwide Imaging Services, known as one of th...nostic imaging equipment, now offering a total sol...g options, service and installation with acquisiti...nologies of California) , ... Imaging Services is proud to announce its acquisi...
(Date:11/25/2009)... BioSpace.com, the premier resource for life sci...dition of the BioForest™ Hotbed Campaign thi...O (Vocus) November 25, 2009 -- BioSpace.com, the p...mation, unveiled the third edition of the BioFores...is regional campaign is a promotional effort highl...
Breaking Medicine News(10 mins):Health News:Lung Cancer Alliance-Georgia Issues 4th Annual State-Specific Report Card on Lung Cancer 2Health News:Vanderbilt scientists report first effective medical therapy for rare stomach disorder 2Health News:Nationwide Imaging Services, Inc., Leader In Diagnostic Imaging Equipment, Announces Acquisition Of Kosmic Medical, Inc. (dba Atlas Medical Technologies of California) 2Health News:Nationwide Imaging Services, Inc., Leader In Diagnostic Imaging Equipment, Announces Acquisition Of Kosmic Medical, Inc. (dba Atlas Medical Technologies of California) 3Health News:BioSpace Showcases Leading Life-Science Companies in the Northwest 2
...sts of the Duke university medical centre and the ...hildren can be cured by the consumption of the sam...Mr A.Wesley Burks statement, the following curable...mption of two scrambled eggs a day can increase th...
...rcent of genes in the human population can vary in...n—a finding that alters current// thinking that th... content and identity. This discovery of the... to change the way researchers think about genetic...
...ons in humans and animals have shown promise in tr...ut. Now, two new studies at the// Johns Hopkins Ki...d with specially-packaged anti-cancer drugs, the b...e, the Hopkins researchers demonstrated that genet...
...is high in India, which has around 30 million diab...erably reduced with proper foot care. // An o...ic patients, but special footwear is required for ...or a research to design footwear for diabetic pati...
... a study on schizophrenic patients has come up wit... to the older anti-psychotic drugs. // The s... who needed a change in drugs as the treatment the...i–psychotic drug , new or old , would be best for ...
...Korea has caused Japan to temporarily suspend the ...nfirmed that around 6000 chickens have died as a r...he outbreak have been sought from South Korea. "As...apan External Trade Organization also reported tha...
Other Medicine News:Health News:How to Overcome Egg Allergy in Children 2Health News:How to Overcome Egg Allergy in Children 3Health News:Genetic Variation: We're More Different than We Thought 2Health News:Genetic Variation: We're More Different than We Thought 3Health News:Germ - Chemo Combo Fights Cancer 2Health News:Germ - Chemo Combo Fights Cancer 3Health News:Old Anti-psychotic Drugs Are Equally Good 2
(Date:11/24/2009)..., FREMONT,Calif.,Nov.24/PRNewswire-FirstCall/--Ver...mpanyfileditsPlanofReorganizationandDisclosureStat...ruptcyCourtfortheDistrictofDelaware.Ahearingtocons...eduledforDecember8,2009,withthehearingontheconfirm...PlancallsfortheCompanytopayallclaimsinfull.ThePlan...
(Date:11/24/2009)..., WOODCLIFFLAKE,N.J.andNEWYORK,Nov.24/PRNewswire/-...oodandDrugAdministration(FDA)hasacceptedforreviewE...pt®(donepezilHClextendedrelease)tabletsforthe...Thisnewhigherdoseformulationcontains23mgofdonepezi...verysystemthatallowsforgradualreleaseofthedrug.The...
(Date:11/24/2009)..., PLEASANTON,Calif.,Nov.24/PRNewswire-FirstCall/--...evice-basedmechanicalcirculatorysupporttherapiesto...twillbeparticipatinginthe21stAnnualPiperJaffrayHea....Smith,executivevicepresidentandchieffinancialoffi...0a.m.,EasternStandardTime(5:30a.m.,PacificStandard...
Breaking Medicine Technology:Vermillion Files Plan of Reorganization 2Vermillion Files Plan of Reorganization 3FDA Accepts Once Daily 23 mg Aricept(R) Extended Release NDA for Review 2FDA Accepts Once Daily 23 mg Aricept(R) Extended Release NDA for Review 3Living in U S May Raise Hispanics Cancer Risk 53835 1Living in U S May Raise Hispanics Cancer Risk 53835 2Living in U S May Raise Hispanics Cancer Risk 53835 3Oncothyreon announces webcast of second quarter 2009 financial results conference call 13414 1China Sky One Medical Inc Appoints New Independent Director 13412 1China Sky One Medical Inc Appoints New Independent Director 13412 2China Sky One Medical Inc Appoints New Independent Director 13412 3
...Lilly and Company,(NYSE: LLY ), strongly disagree...s alleged by the Connecticut Attorney General Rich...2008., The tone and content of the release is a d...Zyprexa to treat a life-threatening disease.,Speci...ment of the,seriousness of schizophrenia or bipola...
...h 12 Genta,Incorporated (Nasdaq: GNTA ) today an...rter and year ended December 31, 2007. The Company... -- AGENDA Phase 3 trial using key biomarker i... completes initial Phase 1 trial; planned 505...ane, becomes new clinical-stage product -- Genas...
Other Medicine Technology:Statement from Eli Lilly and Company: Response to Connecticut Attorney General News Release 2Statement from Eli Lilly and Company: Response to Connecticut Attorney General News Release 3Statement from Eli Lilly and Company: Response to Connecticut Attorney General News Release 4Genta Incorporated Announces Fourth Quarter and Year End 2007 Financial Results and Corporate Highlights 2Genta Incorporated Announces Fourth Quarter and Year End 2007 Financial Results and Corporate Highlights 3Genta Incorporated Announces Fourth Quarter and Year End 2007 Financial Results and Corporate Highlights 4Genta Incorporated Announces Fourth Quarter and Year End 2007 Financial Results and Corporate Highlights 5Genta Incorporated Announces Fourth Quarter and Year End 2007 Financial Results and Corporate Highlights 6Genta Incorporated Announces Fourth Quarter and Year End 2007 Financial Results and Corporate Highlights 7Genta Incorporated Announces Fourth Quarter and Year End 2007 Financial Results and Corporate Highlights 8Genta Incorporated Announces Fourth Quarter and Year End 2007 Financial Results and Corporate Highlights 9Genta Incorporated Announces Fourth Quarter and Year End 2007 Financial Results and Corporate Highlights 10
...p Expandable Tip System A lower cost alternative ...to perform multi-sample transfers between two diff... of a knob, tip spacing can be quickly and easily ...) or 96 well plates. Ergonomic Design for Unparal...
...p Expandable Tip System A lower cost alternative ...to perform multi-sample transfers between two diff... of a knob, tip spacing can be quickly and easily ...) or 96 well plates. Ergonomic Design for Unparal...
...p Expandable Tip System A lower cost alternative ...to perform multi-sample transfers between two diff... of a knob, tip spacing can be quickly and easily ...) or 96 well plates. Ergonomic Design for Unparal...
...e Equalizer With 384 Well Plate Capability The E...es of the original Equalizerexpandable and equal t...lavable components, and in-lab calibration capabil...y space your tips down to 4.5mm for loading and ac...
Medicine Products: