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Article: Novadaq Reports Third Quarter 2009 Financial Results.
- Article from:
- Marketwire Canada
- Article date:
- November 12, 2009
CopyrightCOPYRIGHT 2009 Canadian Corporate News. News Provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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TORONTO, ONTARIO, Nov 12, 2009 (Marketwire via COMTEX) -- Novadaq(R) Technologies Inc. (TSX:NDQ), a developer of real-time imaging systems for use in the operating room, today announced 2009 third quarter revenues of $1,723,000 compared to revenue of $3,311,000 in third quarter 2008. In accordance with corporate policy, a previously reported order in excess of $2,000,000 has not been recorded in sales due to cash not yet received.
Financial Results
As at September 30, 2009, the Company had cash and cash equivalents of $5,063,000. The Company's cash used in operating activities was $3,117,000 in Q3-2009 compared to $3,430,000 in Q3-2008. Based on current ...