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Biorem Reports First Quarter
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Biorem Reports First Quarter

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 ------------------------------ Three months ended % Change March 31, --------------------------------------------------------------- (in thousands of Canadian dollars, except percent and per share data) 2010 2009 ------------------------------------------------------------------------- REVENUE $3,248 $4,038 -19.6% ------------------------------------------------------------------------- GROSS PROFIT $1,147 $1,306 -12.2% ------------------------------------------------------------------------- GROSS MARGIN 35% 32% 9.4% ------------------------------------------------------------------------- Adjusted EBITDA(1) (excluding gains and losses on foreign exchange) $(485) $(27) -1,696% ------------------------------------------------------------------------- NET LOSS $(892) $(425) -109.9% ------------------------------------------------------------------------- BASIC AND DILUTED LOSS PER SHARE $(0.07) $(0.04) - -------------------------------------------------------------------------