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

of derivative liabilities (1,118,120) - - (2) - --------- --------- ------- --------- Loss from continuing operations (16,158,417) (17,601,990) (8,828,828) (15,184,540) Loss from discontinued operations (1,930,636) (6,996,068) - (6) - Gain on sale of business unit 6,408,603 - (7) - ========= ======== ========== =========== Net loss $(11,680,450)$(24,598,058) $(8,828,828) $(15,184,540) ============ ============ =========== ============ Net loss per common share – basic and diluted $(0.24) $(0.55) $(0.18) $(0.34) ====== ====== ====== ====== Weighted average common shares outstanding – basic and diluted 48,976,917 44,978,169 48,976,917 44,978,169
    
    
    
    
                  Selected Condensed Consolidated Balance Sheet Data
                                             
                                                 Pro Forma      Pro Forma 
                                                   Results        Results
                             2009         2008   December 31,   December 31,
                           (Audited)   (Audited)    2009*          2008*
                           ---------   ---------   ------         -------
                                             
    Cash and cash
     equivalents          $3,363,665  $1,102,894 $3,363,665     $1,102,894    
    Accounts
     receivable              115,138      42,279    115,138         42,279    
    Prepaid expenses
     and other current 
     assets                   597,592     509,168    597,592       509,168    
    Property and

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SOURCE Cardium Therapeutics
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