Cambridge Heart, Inc. Reports Results for the Third Quarter 2007

BEDFORD, Mass.--(BUSINESS WIRE)--Cambridge Heart, Inc. (OTCBB: CAMH), today reported total revenue of $2,672,760 for the quarter ended September 30, 2007, an increase of 32% from total revenue of $2,030,610 reported during the same period of 2006. The operating loss for the third quarter of 2007 was $1,994,543, compared to an operating loss of $925,688 for the same period in 2006. Included in the operating loss for the third quarter of 2007 was $647,200 of non-cash stock-based compensation expense. The net loss for the quarter was $1,802,628, or $0.03 per share, compared to a net loss of $818,118, or $0.01 per share, in the comparable 2006 period.

MORE ON THIS TOPIC