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Cardium Reports on Fourth Quarter and Year-End 2009 Financial Results and Recent Developments
Date:3/16/2010

- (977,051) - (6) - (6) --------- --------- ------- --------- Net Income (loss) $9,316,127 $(5,077,953) $(1,261,631) $(3,301,085) ========== =========== =========== =========== Net income (loss) per common share – basic and diluted $0.17 $(0.11) $(0.02) $(0.07) ===== ====== ====== ====== Weighted average common shares outstanding – basic 54,207,761 46,930,439 54,207,761 46,930,439 Weighted average common shares outstanding – diluted 54,374,522 46,930,439 54,374,522 46,930,439 The Year Ended December 31, -------------------------------------------------------- Pro forma Pro forma Audited Audited Results Results 2009 2008 2009* 2008* ---- ---- ----- ----- Revenues $444,946 $416,912 $444,946 $416,912 --------- --------- ------- --------- Research and development (4,302,298) (11,041,930) (3,633,251)(1) (9,965,058)(1) General and administrative (4,855,582) (6,529,346) (4,615,487)(1) (5,623,029)(1) --------- --------- --------- --------- Loss from operations (9,157,880) (17,571,276) (8,248,738) (15,588,087) --------- ---------- --------- ---------- Interest income (expense), net (6,327,363) (447,626) (1,025,036)(8) (13,365)(8) Change in fair value
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