Navigation Links
Westaim announces 2008 year-end results
Date:2/18/2009

CALGARY, Feb. 18 /PRNewswire-FirstCall/ - The Westaim Corporation announced today that for the year ended December 31, 2008, it recorded a net loss of $10.2 million, or 11 cents per share, on revenues of $22.4 million compared to a net loss of $58.0 million, or 62 cents per share, on revenues of $31.8 million in the previous year. For the three months ended December 31, 2008, the Company posted a net income of $2.7 million, or 3 cents per share, compared to a net loss of $26.8 million, or 28 cents per share, in the same period in the previous year.

The loss from continuing operations for the year ended December 31, 2008 was $1.7 million compared to a loss of $2.8 million in 2007. At the operations level, this improvement resulted from lower manufacturing and research and development costs compared to 2007 and $4.9 million of severance costs included in the 2007 results, all of which was offset by $10.1 million milestone revenue earned by NUCRYST Pharmaceuticals Corp. in 2007. The improvement in results also benefitted from a $7.3 million favourable change in foreign exchange gains as a result of the stronger U.S. dollar in 2008 as well as lower write-downs in the value of asset-backed commercial paper (ABCP). These improvements were partially offset by an $8.7 million gain on the sale of real estate in 2007. The loss from discontinued operations, which includes windup and operating costs at the Company's wholly owned subsidiary, iFire Technology Ltd., declined significantly in 2008 to $8.5 million compared to $55.2 million in 2007. This improvement is the result of reduced operating costs of $26.7 million and lower severances and net asset write-downs in 2008 compared to 2007.

At December 31, 2008, Westaim had $46.8 million in consolidated cash and cash equivalents, compared to $31.0 million at December 31, 2007. Westaim's cash position, excluding cash and cash equivalents held by its 74.7 per cent owned subsidiary NUCRYST Pharmaceuticals Corp
'/>"/>

SOURCE Westaim Corporation
Copyright©2009 PR Newswire.
All rights reserved

Page: 1 2 3 4 5 6 7 8 9 10 11 12

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. Westaim announces 2008 second quarter results
11. Westaim announces sale of iFire Technology Ltd. assets
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:8/31/2014)... The severity of menopausal symptoms will vary ... is expert in helping patients find the best ... symptoms with the latest treatment options, including hormone therapy. ... of alternative treatments and products that can relieve symptoms ... fall outside of what can be called conventional medicine, ...
(Date:8/30/2014)... August 2014: A new method to predict the ... was presented at ESC Congress today by Dr Benjamin ... needs 350 AEDs located in public places for optimal ... Dr Dahan said: "Out of hospital cardiac arrest is ... ranging between 50 and 100 per 100 000 in ...
(Date:8/30/2014)... August 31, 2014 According to the latest ... by step holistic system for skin health. It seems that ... been tried by more than 138,000 patients from all over ... Walden, who says that this method will not only eliminate ... skin. , What makes this program unique among other ...
(Date:8/30/2014)... Zensah®, the leader in compression technology and comfort, has ... best-seller within golf and tennis. Golfers and tennis players are ... by using the compression elbow sleeve to help treat elbow ... that causes pain on the inner side of your elbow, ... bony bump on the inside of your elbow. The pain ...
(Date:8/30/2014)... The Truth about Six Pack Abs is a new ... some shocking foods that can burn belly fat, unique workouts ... well as some motivation secrets for successful fitness. , The ... unique trick that can help users reduce junk-food cravings. ... might think, cardio exercise routines are not the best to ...
Breaking Medicine News(10 mins):Health News:A Look at Complementary Therapies and Alternative Medicine for National Menopause Awareness Month 2Health News:A Look at Complementary Therapies and Alternative Medicine for National Menopause Awareness Month 3Health News:A Look at Complementary Therapies and Alternative Medicine for National Menopause Awareness Month 4Health News:A Look at Complementary Therapies and Alternative Medicine for National Menopause Awareness Month 5Health News:New method predicts optimal number and location of AEDs 2Health News:Acne No More Review Reveals Unusual Tip to Eliminate Acne Permanently 2Health News:Relieve Golfers and Tennis Elbow Pain with the Zensah® Compression Elbow Sleeve 2Health News:Truth about Six Pack Abs Review Reveals Unique Method to Eliminate Stubborn Stomach Fat 2
... discuss affordable access to dental services, HAYWARD, ... Angeles) and Assemblymember Mary Hayashi (D-Hayward) will tour,the ... on Thursday, May,8th to explore ways to expand ... of the challenges relating to quality dental healthcare,access., ...
... of its pioneering stem cell program, the University of ... from the California Institute for Regenerative Medicine to help ... its campus. , The $119 million building, designed by ... the UC Regents in March, contingent on UCSF receiving ...
... of Alabama at Birmingham (UAB) this month became the ... radiation therapy. The new technique can turn a 20-minute ... , Additionally, the new therapy saves healthy human tissue ... same or better than other radiotherapy techniques, according to ...
... Children, PHILADELPHIA, May 7 Kappa Alpha Psi ... partnership with the St.,Jude Children,s Research Hospital and their ... held at the St. Jude Children,s Research,Hospital in Memphis, ... Alpha Psi Fraternity, Inc., has taken on the,awesome responsibility ...
... CARMEL, Ind., May 7 Conseco, Inc. (NYSE: ... 2008., "CNO set a new quarterly sales record ... year," CEO Jim Prieur said. "This performance included,an 11% ... the core business,(67% increase in total sales including new ...
... finds, , , WEDNESDAY, May 7 (HealthDay News) -- Women ... increased risk of complications, even if the high blood ... , In a large, international study, researchers found ... there was a greater risk of complications, such as ...
Cached Medicine News:Health News:Speaker-Elect Karen Bass and Assemblymember Mary Hayashi to Promote Quality Dental Care for Children 2Health News:UCSF receives funding for building from California stem cell agency 2Health News:UCSF receives funding for building from California stem cell agency 3Health News:UAB first in US to offer speedier precise cancer radiotherapy 2Health News:Kappa Alpha Psi Fraternity Celebrates St. Jude Partnership 2Health News:Kappa Alpha Psi Fraternity Celebrates St. Jude Partnership 3Health News:Conseco Reports First Quarter Results 2Health News:Conseco Reports First Quarter Results 3Health News:Conseco Reports First Quarter Results 4Health News:Conseco Reports First Quarter Results 5Health News:Conseco Reports First Quarter Results 6Health News:Conseco Reports First Quarter Results 7Health News:Conseco Reports First Quarter Results 8Health News:Conseco Reports First Quarter Results 9Health News:Conseco Reports First Quarter Results 10Health News:Conseco Reports First Quarter Results 11Health News:Conseco Reports First Quarter Results 12Health News:Conseco Reports First Quarter Results 13Health News:Conseco Reports First Quarter Results 14Health News:Conseco Reports First Quarter Results 15Health News:Conseco Reports First Quarter Results 16Health News:High Blood Sugar Tied to Pregnancy Complications 2Health News:High Blood Sugar Tied to Pregnancy Complications 3
(Date:8/29/2014)... Diseases largely eradicated in the United States ... declared eliminated in 2000, yet the CDC reports 593 ... incidence in 20 years. In July, California,s ... problem of "epidemic proportions." Across ... preventable diseases—in part because some parents (more than 10 ...
(Date:8/29/2014)... , Aug. 29, 2014 Research ... "Global Multiple Sclerosis Drugs Market 2014-2018" report ... a chronic, inflammatory medical condition that results in demyelination, ... because of an abnormal response by the immune system, ... It is a potentially debilitating disease in which the ...
(Date:8/29/2014)... Calif. , Aug. 29, 2014  Pacific Medical ... its new website design . The main website, ... that showcases the company,s new services and content relevant ... implementing a new streamlined design, viewers can now better ... for health care practices and create a more visible ...
Breaking Medicine Technology:Vaccines at the Crossroads: Outbreaks On the Rise Across America 2Vaccines at the Crossroads: Outbreaks On the Rise Across America 3Global Multiple Sclerosis Drugs Market 2014-2018: Key Vendors are Bayer, Biogen Idec, Merck Serono, Novartis and Teva Pharmaceutical 2Global Multiple Sclerosis Drugs Market 2014-2018: Key Vendors are Bayer, Biogen Idec, Merck Serono, Novartis and Teva Pharmaceutical 3PMDS Announces New Website 2
... , NEW YORK, Nov. ... report is available in its catalogue: , United ... , http://www.reportlinker.com/p0158733/United-States-Dental-Devices-Market-Analysis-and-Forecasts-to-2015.html , United States Dental ... Summary , This report is an essential source ...
... , WALTHAM, Mass., Nov. 25 According ... market intelligence, the nearly $3 billion US market for trauma fixation ... years despite the recent economic slowdown. MRG,s US Markets for ... will remain highly dynamic over the next five years, with competitors ...
Cached Medicine Technology:Reportlinker Adds United States Dental Devices Market Analysis and Forecasts to 2015 2Reportlinker Adds United States Dental Devices Market Analysis and Forecasts to 2015 3Reportlinker Adds United States Dental Devices Market Analysis and Forecasts to 2015 4Reportlinker Adds United States Dental Devices Market Analysis and Forecasts to 2015 5Reportlinker Adds United States Dental Devices Market Analysis and Forecasts to 2015 6Reportlinker Adds United States Dental Devices Market Analysis and Forecasts to 2015 7Reportlinker Adds United States Dental Devices Market Analysis and Forecasts to 2015 8Reportlinker Adds United States Dental Devices Market Analysis and Forecasts to 2015 9Reportlinker Adds United States Dental Devices Market Analysis and Forecasts to 2015 10Reportlinker Adds United States Dental Devices Market Analysis and Forecasts to 2015 11Reportlinker Adds United States Dental Devices Market Analysis and Forecasts to 2015 12Reportlinker Adds United States Dental Devices Market Analysis and Forecasts to 2015 13US Trauma Fixation Device Market Not Seeing Signs of Slowdown 2US Trauma Fixation Device Market Not Seeing Signs of Slowdown 3
Straight shafts with extra fine pointed tips and 6mm tying platform. Smooth handle with dull finish/...
... utilizes a small-cone design and Placido ... complete, shadow-free representation of the corneal ... that includes the topographer, PC, software, ... enables quick and easy access to ...
The Maverick Over-The-Wire balloon catheter delivers a new level of performance to meet the changing demands of interventional cardiology....
... lighted dials to make it easier and ... darkened setting of the exam room. Put ... lights off throughout the entire process. The ... and cylinder axis scales that are easier ...
Medicine Products: