Nuvo Announces 2009 second quarter financi...(---------------------- ...),Health
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Nuvo Announces 2009 second quarter financial results
Date:8/7/2009
---------------------- NUVO RESEARCH INC. CONSOLIDATED STATEMENTS OF LOSS AND COMPREHENSIVE LOSS Three-months Six-months Unaudited ended ended (thousands of Canadian June 30, June 30, June 30, June 30, dollars except per share 2009 2008 2009 2008 and share amounts) $ $ $ $ ------------------------------------------------------------------------- REVENUE Product sales 2,075 1,795 4,458 3,770 Cost of goods sold 1,449 1,001 2,583 2,085 ------------------------------------------------------------------------- Gross margin on product sales 626 794 1,875 1,685 Other revenue Licensing fees 560 250 1,120 500 Research and other contract revenue 71 40 175 51 ------------------------------------------------------------------------- 1,257 1,084 3,170 2,236 ------------------------------------------------------------------------- EXPENSES Research and development 842 2,133 3,776 4,237 Selling, general and administrative expenses 1,791 1,162 3,154 2,286 Stock-based compensation 132 216 264 366 Amortization of property, plant, and equipment and intangibles 148 207 297 412 Foreign currency (gain) loss (210) 36 (219) (243) Interest expense 227 325 473 628 Interest income (9)
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