Science and Technology
Science and Technology
Mon, November 30, 2009
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Fri, November 27, 2009
Aptilon Announces 2009 Third Quarter Financial Results
Q3 2009 Summary - Revenues reached $3.71 million, compared to $1.66 million in Q3 2008 - Gross profit totaled $2.3 million compared to $1.1 million in Q3 2008 - YTD 2009 gross margin 69% compared to 66% in YTD 2008 - Net loss totaled ($613,760) (including $674,558 in non-cash charges(1)) compared to ($1.4 million) (including $357,141 in non- cash charges(1)) in Q3 2008 - Generated positive net cash flow from operations of $60,798 (before net change in non cash working capital item of ($25,771))
AxcelRx(SM) and ReachNet(SM) are service marks of Aptilon Corporation. (1) Non-cash charges consist of amortization, stock based compensation, accreted interest and unrealized foreign exchange loss About Aptilon Corporation -------------------------
Forward-looking statements --------------------------
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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