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:3/28/2015)... Andrew Hawley of Vintage Rock Posters Inc., has announced ... Who and the Doors played together at the Singer Bowl ... Hawley, “The Who toured the United States heavily from 1967 ... the most famous Who poster was a poster created to ... August 2, 1968 at the Singer Bowl in Flushing, New ...
(Date:3/28/2015)... Mirada, CA (PRWEB) March 28, 2015 ... ear, nose and throat disorders, are now ... is a common issue which is characterized by the ... Affecting 1 in 5 people, tinnitus is a prevalent ... disorder and while it is non-fatal, tinnitus can impede ...
(Date:3/28/2015)... ARDX will sponsor the 7th Annual Women’s Wellness Celebration on ... Center in Chesapeake, Virginia. Each year, ARDX celebrates Women’s ... the Hampton Roads region. The 2015 Women’s History Month ... grow stronger through sharing their stories and learning the strategies ... theme is T-talk where we will share a cup of ...
(Date:3/28/2015)... March 28, 2015 LTW Cyber is ... to collaborate for the purpose of addressing the needs ... will pursue its own opportunities to grow while seeking ... of LTW Cyber. , Ventures in LTW Cyber focus ... complemented by offerings identifying vulnerabilities and analyzing open source. ...
(Date:3/27/2015)... Deer, Alberta (PRWEB) March 27, 2015 In ... until then, prevented her from working, Monica K. arrived at ... in the mending department quiet, defensive and scared. The owners ... Placement & Support Services (EPSS) to offer jobs to ... does take patience and a willingness to begin with the ...
Breaking Medicine News(10 mins):Health News:Avid Collector from Vintage Rock Posters, Inc. Announces His Search For Original 1960's Who Psychedelic Concert Posters. 2Health News:Healthpointe now Offering Tinnitus Treatments in Clinics throughout Southern California 2Health News:Canadian Cybersecurity Ventures Globalize as a Collective 2Health News:Canadian Cybersecurity Ventures Globalize as a Collective 3Health News:Red Deer Uniforms Shop Celebrates 3rd Year Sewing Hope for the Challenged 2Health News:Red Deer Uniforms Shop Celebrates 3rd Year Sewing Hope for the Challenged 3
... National Council on Radiation Protection and Measurement (NCRP) report ... to seven times more radiation each year from medical ... Radiology (ACR), Society for Pediatric Radiology (SPR), Society of ... Tomography and Magnetic Resonance (SCBT-MR) urge Americans, including elected ...
... Americans were exposed to more than seven times as ... case in the early 1980s, according to a new ... National Council on Radiation Protection and Measurements (NCRP) at ... exposure constituted nearly half of the total radiation exposure ...
... between mothers and fathers may help protect children who ... a new study suggests. , Researchers found that supportive ... and attention levels what researchers call effortful control. ... of aggressive behavior and other forms of "acting out" ...
... Calif., March 3 /PRNewswire/ -- ... that it is expanding the states in which ... the country,s largest private provider of emergency neurology ... than 5,500 emergency neurology consultations to date.(Logo: ...
... to second-generation drug-eluting stentNATICK, Mass., March 3 ... today announced the launch of its TAXUS(R) Liberte(R) ... product was approved on January 28 by the ... was granted yesterday by the National Health Insurance ...
... New Leaders Known for Patient Advocacy, , Thoughtful ... Quality Respiratory Care (CQRC), an alliance of leading home ... one half of the 1.5 million Medicare patients who ... of life, today praised President Obama,s selection of Kansas ...
Cached Medicine News:Health News:Self-Referral of Medical Imaging Exams a Primary Factor in Six-Fold Increase to Americans' Radiation Exposure From Scans Since 1980 2Health News:Self-Referral of Medical Imaging Exams a Primary Factor in Six-Fold Increase to Americans' Radiation Exposure From Scans Since 1980 3Health News:Self-Referral of Medical Imaging Exams a Primary Factor in Six-Fold Increase to Americans' Radiation Exposure From Scans Since 1980 4Health News:Self-Referral of Medical Imaging Exams a Primary Factor in Six-Fold Increase to Americans' Radiation Exposure From Scans Since 1980 5Health News:Self-Referral of Medical Imaging Exams a Primary Factor in Six-Fold Increase to Americans' Radiation Exposure From Scans Since 1980 6Health News:Self-Referral of Medical Imaging Exams a Primary Factor in Six-Fold Increase to Americans' Radiation Exposure From Scans Since 1980 7Health News:Medical Radiation Exposure of the U.S. Population Greatly Increased Since the Early 1980s 2Health News:Supportive co-parenting may reduce some child behavior problems 2Health News:Supportive co-parenting may reduce some child behavior problems 3Health News:Specialists On Call Expands Access to Emergency Neurology On-Call Services in Montana 2Health News:Boston Scientific Announces Japanese Launch of Taxus(R) Liberte(R) Drug-Eluting Stent System 2Health News:Boston Scientific Announces Japanese Launch of Taxus(R) Liberte(R) Drug-Eluting Stent System 3Health News:Council for Quality Respiratory Care Applauds President Obama's Appointments of Governor Sebelius, DeParle to Lead Health Care Efforts 2
(Date:3/27/2015)... 27, 2015 Across the global healthcare landscape, ... in clinical development, market education, and regulatory compliance. As ... Affairs function is expected to increase in prominence and ... According to research by benchmarking firm, Best Practices, ... dedicated to Medical Affairs. Among companies in ...
(Date:3/27/2015)... 2015 /CNW/ - Covalon Technologies Ltd. (the "Company" or ... announced the issuance of an aggregate of 30,000 stock ... an aggregate of 120,500 stock options to employees and ... over three years and will be exercisable for a ... $1.40 per stock option. About Covalon ...
(Date:3/27/2015)... Object recognition technology has a unique and ... The VelaSense ® mobile platform incorporates ... productive and fulfilling lives. VelaSense ® will now ... identify objects from a one million object database, that ... databases for personal use. Visus Technology ...
Breaking Medicine Technology:Medical Affairs Capabilities Expanding in Emerging Marketplaces 2Covalon Announces Issuance of Stock Options 2VelaSense Object Recognition Technology for the Blind was unveiled at Baruch College's CCVIP 8th Annual Conference 2
Thompson surgical radiotranslucent anterior lumbar retractor system....
... Elmed Retract - ... instrument, with extra long ... improved cephalad and anterior ... (Retractor system) was designed ...
... System, a uniquely designed system combining ... two systems into one. Detachable blade ... site during retractor placement, providing better ... retractor body slides easily onto the ...
... device. Rhakoss implants represent the first ... fiber cages and allograft cadaver bone ... of first generation IBFDs while eliminating ... available materials, such as inconsistent structural ...
Medicine Products: