NovaDx Ventures Corp. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended September 30, 2011
NovaDx Ventures Corp. reported unaudited consolidated earnings results for the first quarter ended September 30, 2011. For the quarter, the company reported revenues of $623,692 against $1,381,774 a year ago. Loss before other items was $2,055,053 against $737,524 a year ago. Net loss for the period was $913,462 against $517,841 a year ago. Net comprehensive loss for the period was $877,662 against $434,844 a year ago. Basic and fully diluted net loss per share was $0.01 against $0.01 a year ago. Net cash used in operating activities was $1,286,182 against $66,628 a year ago. Acquisition of development of mineral properties was $1,363,657 against $337,517 a year ago. Acquisition of mine facilities and equipment was $1,742,142 against $41,312 a year ago.