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Zevalin Revenues Lead Cell Therapeutics, Inc.'s First Quarter 2008 Financial Results

feature - (2,594)

Preferred stock dividends (242) (31)

Deemed dividends on conversion of

preferred stock (16,198) -

Net loss attributable to common

shareholders $(54,604) $(28,739)

Basic and diluted net loss per common share $(0.77) $(0.76)

Shares used in calculation of basic

and diluted net loss per common share 71,074 37,588

Balance Sheet Data: (amounts in thousands)

March 31, December 31,

2008 2007

Cash and cash equivalents, securities

available-for-sale (unaudited)

and interest receivable $15,341 $18,392

Restricted cash 6,165 -

Working capital (20,395) (30,909)

Total assets 78,636 73,513

Convertible debt 145,530 137,396

Accumulated deficit (1,164,017) (1,109,413)

Shareholders' deficit (124,100) (134,125)

SOURCE Cell Therapeutics, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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