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

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:6/2/2015)... 2015 Though almost the entire Park family ... the disease rule their lives. Organizing and hosting the June ... living life to the fullest and spreading awareness of HHT. ... but I won't live my life in a bubble because ... you'd want is to look back on your life with ...
(Date:6/2/2015)... CRN International has been named a 2015 Company Partner ... Connecticut state program that takes active steps to train, coach ... companies. , Platform to Employment is being delivered by ... Labor. CRN, a 40-year-old radio marketing company near New Haven, ... for its “hard work and dedication.” , CRN recently took ...
(Date:6/2/2015)... Relias Learning , the leader ... healthcare market, is partnering with the National Council, ... courses relating to mental health and wellness. These ... resources to better understand and handle difficult situations. ... responders to situations involving people with mental illness ...
(Date:6/2/2015)... National Autism Resource has partnered with ... development agency, to launch its new website and strategic ... new website is designed to help parents and ... autism. The site will expand its product line for ... from easy to understand information and helpful links to ...
(Date:6/2/2015)... 2015 With the approaching summer shaping ... of the United States, people will spend an increasing ... obvious benefits of air conditioning, a recent CBS News ... dehydration and allergic reactions. Fresh water advocate Sharon Kleyne, ... radio show, will discuss the potential side effects of ...
Breaking Medicine News(10 mins):Health News:Family brings awareness to genetic disease at first Memphis walk 2Health News:CRN Named Company Partner of the Year by CT Employment Program 2Health News:Relias Learning Partners with Behavioral Health and Developmental Disabilities Leaders to Offer Complimentary Resources to Public Safety Professionals 2Health News:Relias Learning Partners with Behavioral Health and Developmental Disabilities Leaders to Offer Complimentary Resources to Public Safety Professionals 3Health News:National Autism Resources Launches New Website, Delivering More Products and Services 2Health News:National Autism Resources Launches New Website, Delivering More Products and Services 3Health News:Air conditioning may contribute to dry eye, dehydration and allergies warns fresh water advocate Sharon Kleyne 2Health News:Air conditioning may contribute to dry eye, dehydration and allergies warns fresh water advocate Sharon Kleyne 3
... A recent study has successfully confirmed that anxiety disorders ... linked to a co existent physical disorder among those ... in doing daily chores and effecting work efficiency. ... October 23rd reports this study which concurs that very ...
... Older whites are likelier than older black adults to ... control//, although the even if they belong to a ... findings, published in Wednesday's Journal of the American Medical ... Medicare system. ,Lead study author Dr. Amal ...
... boy died of dengue fever here Wednesday, taking the toll ... as officials maintained that the number of cases had dropped ... Pradesh, died at the All India Institute of Medical Sciences ... in a critical condition. , ,"His condition was deteriorating ...
... personalized medicine enabled through genetic testing, slated to be ... not only involve forecasting the presence of a certain ... will also enable early prevention strategies. ,The ... diseases, but will unravel the genetic blue prints for ...
... The Joint Committee on Vaccination and Immunisation (JCVI) recommends ... to protect their unborn child// from the risk of ... mothers should get vaccinated in the second and third ... be given free to expectant mothers during the flu ...
... acid every day could have better chance of getting pregnant, according ... vitamin B is used in our bodies to make new cells. ... she is pregnant, it can help prevent major birth defects of ... more than 18,000 women for the first time revealed that it ...
Cached Medicine News:Health News:Panic Phobias, Physical debility-“P’s”in a p 2Health News:Medicare Marked by Widespread Racial disparities 2Health News:13-Year-Old Boy Is Latest Dengue Victim; Delhi Toll 47 2Health News:Folic Acid Supplements Could Help Conception 2
(Date:6/2/2015)... -- Intarcia Therapeutics, Inc. today announced the ... announced synthetic royalty / equity convert financing, bringing the ... Convertible Limited Recourse Notes from Intarcia and are entitled ... future global net sales of ITCA 650 until the ... the option, commencing upon U.S. regulatory approval of ITCA ...
(Date:6/2/2015)... , June 2, 2015  One hundred percent ... Science in Nurse Anesthesia (MSNA) graduates of April 2015 ... first attempt. The graduating class was composed of 20 ... The NCE is required of every ... Anesthetist, and graduates of the MSNA program are eligible ...
(Date:6/2/2015)... June 2, 2015  ErgoNurse, the leader in bedside safety ... products in the United States , have ... long-term care and skilled nursing markets. ... Thousands of ... fully take advantage of the ErgoNurse products to stop unnecessarily ...
Breaking Medicine Technology:Intarcia Exercises Re-Opener For Its Recently Closed Royalty / Equity Convert Financing - Raising Total To $300 Million 2Intarcia Exercises Re-Opener For Its Recently Closed Royalty / Equity Convert Financing - Raising Total To $300 Million 3ADU's Master of Science in Nurse Anesthesia April 2015 Graduates Earn 100 Percent First Time Pass Rate on National Certification Examination 2ErgoNurse and Briggs Healthcare Positioned to Completely Eliminate the Unnecessary Cost of Healthcare-Related Back Injuries 2
... /PRNewswire/-- Cara Therapeutics, Inc. today,announced completion of ... second-generation,peripherally acting kappa opioid agonist, CR845, under ... pain. The drug candidate was safe and,well-tolerated ... levels of,CR845 expected to be associated with ...
... Patients Treated Using Next Generation CyberKnife System at Oklahoma ... ... (Nasdaq: ARAY ), a global leader in the field of ... CyberKnife(R) Robotic Radiosurgery System that was recently,installed at the Oklahoma CyberKnife, ...
Cached Medicine Technology:Cara Therapeutics Announces Successful Completion of Phase I Clinical Trial of Novel Analgesic, CR845 2New CyberKnife Technologies Demonstrate Dramatic Reduction in Treatment Times 2New CyberKnife Technologies Demonstrate Dramatic Reduction in Treatment Times 3New CyberKnife Technologies Demonstrate Dramatic Reduction in Treatment Times 4
Easy to use , Allow for a flexible washing , Uniform and efficient , Very robust and reliable , Adjustable to all well shapes , Rack included (not autoclavable) , Autoclavable at 121C , No e...
... to meet the working and budgetary laboratory ... to run set assays at the touch ... this strip washer adjusts to wash 8 ... compact, and self-contained, offers aerosol and waste ...
... new plate washing system designed to automatically wash ... with flat, V-shaped or U-shaped bottoms. This system ... nozzle heads. Simple LCD touch screen programming makes ... is available for the miniGene line washer. This ...
... of Type III Laboratory-grade Water, RiOs reverse ... to 8000 L/day of Type III laboratory-grade ... Purification and Control Unit, RiOs systems can ... total control of all parameters within the ...
Medicine Products: