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

ce undue reliance on forward-looking statements, and should not rely on this information at any date other than the date of this news release. All forward-looking statements are expressly qualified in their entirety by this cautionary statement.

THE WESTAIM CORPORATION

Financial Highlights

(unaudited)

(thousands of dollars except per share data)

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Three Months Ended Six Months Ended

June 30 June 30

Consolidated Statements ------------------- -------------------

of Operations 2008 2007 2008 2007

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Revenue $ 4,754 $ 6,686 $ 9,962 $ 12,817

(Loss) income from continuing

operations (1,887) 2,875 1,340 4,774

Net loss (3,002) (7,388) (9,859) (14,088)

Net (loss) income per common

share - basic and diluted

Continuing operations (0.02) 0.03 0.01 0.05

Net loss (0.03) (0.08) (0.10) (0.15)

Weighted average number of common

shares outstanding (thousands) 94,215 94,051 94,200 94,021

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Three Months Ended Six Months Ended

June 30 June 30

------------------- -------------------

Segmented Information 2008 2007 2008 2007

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Revenue from continuing

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

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