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Champions Oncology Reports Financial Results for the Quarter Ended July 31, 2012
Date:9/12/2012

activities:Net Loss

($1,323)

($2,037)Adjustments to reconcile net cash used in operations:  Stock-based compensation expense

739

1,014  Depreciation expense

54

29  Change in fair value of warrant liability

(285)

(177)  Changes in operating assets and liabilities

(991)

(364)Net cash used in operating activities(1,806)(1,535)Cash flows from investing activities:  Purchases of property and equipment

(19)

(95)Net cash used in investing activities:(19)(95)Cash flows from financing activities:  Proceeds from exercise of options and warrants

-

4Net cash provided by financing activities:-4Exchange rate effect on cash and cash equivalents

25

8Decrease in cash and cash equivalents

(1,800)

(1,618)Cash and cash equivalents, beginning of period4,71610,457Cash and cash equivalents, end of period$2,916$8,839 

CONTACT: Susan Foreman, +1-201-808-8400


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SOURCE Champions Oncology, Inc.
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