NORTHCORE TECHNOLOGIES INC 
By 302 The East Mall, Suite 300
Toronto, ON M9B 6C7
Tel: 416 640-0400 / Fax: 416 640-0412 www.northcore.com
(TSX: NTI; OTCBB: NTLNF)
NORTHCORE REPORTS SECOND QUARTER 2012 FINANCIAL RESULTS
Toronto, Ontario - August 14, 2012 - Northcore Technologies
Inc. (TSX: NTI; OTCBB: NTLNF), a global provider of asset
management and social commerce solutions, announced today its
interim financial results for the second quarter ended June
30, 2012. All figures are reported in Ca nadian dollars.
Northcore reported consolidated revenues of $415,000 for the
second quarter, representing an increase of $228,000 or 122
perce nt over the $187,000 reported in the same quarter of
2011. Northcore also reported year-to-date consolidated reve
nues of $645,000, an increase of $275,000 or 74 percent over
the $370,000 reported for the same period of 2011. The growth
in re venues was attributed primarily to higher social
commerce service revenues as a result of the acquisition of
Envision Online Media Inc.
Northcore derives its re ve nues from application hosting
activities provided to customers, the sale of software
licenses, a nd the delivery of technology services, such as
application a nd we bsite development, content ma nageme nt
solution and software customization.
Northcore reported an Operational EBITDA loss for the second
quarter of $375,000, an improveme nt of eight percent from
the Operational EBITDA loss of $408,000 reported for the
second quarter of 2011. Northcore reported year-to-date
Operational EBITDA loss of $731,000, an improveme nt of 10
percent from the operational EBITDA loss of $812,000 reported
for the same period of 2011. An increase in re ve nues
contributed to the reduction in Operational EBITDA loss
during the periods.
Operational EBITDA is defined as the loss before interest,
taxes, depreciation, stock-based compensation, non-cash and
non-recurring items. The Company considers Operational EBITDA
to be a meaningful performance measure as it provides an
approximation of operating cash flows.
For the quarter and six months e nded June 30, 2012,
Northcore reported a net loss per share of
$0.002 and $0.006 respectively, basic a nd diluted. This
compares to a loss per share of $0.010
and $0.013 respectively, basic and diluted, in the same
period of 2011.
As at June 30, 2012, Northcore held cash and short-term
investments of $853,000, and accounts receivable of
$373,000.
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Northcore Reports Q2 2012 Results
Operating Highlights
We accomplished the following activities in the period:
