Novadx Ventures Corp. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended December 31, 2011
NovaDx Ventures Corp. reported unaudited consolidated earnings results for the second quarter and six months ended December 31, 2011. For the quarter, the company reported revenues of $1,973,396 against $1,121,672 a year ago. Loss before other items was $3,295,329 against $1,129,855 a year ago. Net loss for the period was $5,736,118 against $3,518,228 a year ago. Net comprehensive loss for the period was $5,725,231 against $3,378,922 a year ago. Basic and fully diluted net loss per share was $0.07 against $0.06 a year ago. Net cash used in operating activities was $844,455 against $1,141,811 a year ago. Acquisition of development of mineral properties was $1,274,523 against $465,902 a year ago. Acquisition of mine facilities and equipment was $1,620,553 against $795,059 a year ago.
For the six months, the company reported revenues of $2,597,088 against $2,503,446 a year ago. Loss before other items was $5,350,382 against $1,867,379 a year ago. Net loss for the period was $6,649,580 against $4,036,069 a year ago. Net comprehensive loss for the period was $6,602,893 against $3,813,766 a year ago. Basic and fully diluted net loss per share was $0.08 against $0.07 a year ago. Net cash used in operating activities was $2,130,637 against $1,204,069 a year ago. Acquisition of development of mineral properties was $2,638,180 against $803,419 a year ago. Acquisition of mine facilities and equipment was $3,362,695 against $836,371 a year ago.