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Westaim announces 2008 year-end results
Date:2/18/2009

12,603 14,617 Research and development 1,016 1,334 4,582 6,356 General and administrative 2,896 2,660 9,666 9,348 Depreciation and amortization 497 403 1,937 2,093 Corporate costs 1,591 1,845 5,068 10,856 ------------------------------------------------------------------------- Operating (loss) income (2,608) 1,706 (11,459) (11,440) Foreign exchange gain (loss) 2,452 (305) 3,510 (3,804) Interest 141 141 712 1,822 Change in fair value of third party asset- backed commercial paper (856) (1,067) (1,706) (4,048) Loss on sale of third party asset-backed commercial paper - (1,067) - (1,067) Write-down of capital assets (215) - (215) (1,203) Gain on sale of capital assets - 75 - 8,722 Dilution gain - - 6,000 4,525 Gain on sale of investments - 2,648 534 2,648 Gain (loss) on issuance and repurchase of shares of subsidiary 121 (14) 96 (134) Non-controlling interest (259) (806) 804 1,293 ------------------------------------------------------------------------- (Loss) income from continuing operations before income taxes (1,224) 1,311 (1,724) (2,686) Income tax expense - (142) (11) (144) ------------------------------------------------------------------------- (Loss) income from continuin
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