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Cardium Presents Third Quarter 2012 Financial Results and Reports on Recent Developments
Date:11/14/2012

i>, Cerex®, D-Sorb™, Neo-Energy®, Neo-Carb Bloc®, Neo-Chill, and Nutra-Apps® are trademarks of Cardium Therapeutics, Inc. or Tissue Repair Company.

To Go Brands®, Acai Natural Energy Boost™, Green Tea Energy Fusion™, Trim Energy®, Healthy Belly®, Smoothie Complete®, High Octane®, VitaRocks®, Trim Green Coffee Bean™ and Glucoberry™ are trademarks of To Go Brands, Inc. 

 (Other trademarks belong to their respective owners)

 Cardium Therapeutics, Inc.Selected Condensed Consolidated Results of OperationsThree months ended September 30,Nine months ended September 30,2012201120122011Product sales$
5,589*$
__$
39,241*$
__Cost of goods sold(3,640)__(15,191)__Gross profit1,949__24,050__Operating expensesResearch and development(508,342)(578,981)(2,097,675)(1,874,413)Selling, general and administrative(1,389,731)(1,180,199)(4,358,706)(3,641,620)Loss from operations(1,896,124)(1,759,180)(6,432,231)(5,516,033)Interest income (expense), net1,2041,2693,7715,605Change in fair value of derivative liabilities__157,62864,157458,199Net loss $  (1,894,920)$  (1,600,283)$(6,364,403)$ (5,052,229)Net loss per common  share – basic and diluted 

$
(0.02) 

$
(0.02) 

$
(0.06) 

$
(0.06)Weighted average common shares outstanding  – basic and diluted 

119,044,747 

83,097,967 

115,493,427 

83,097,967* Note that product sales and associated expenses for these Results of Operations do not include net sales of To Go Brands products of approximately $2.1 million for the nine months ended September 30, 2012 (which is included in the
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SOURCE Cardium Therapeutics
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