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CEL-SCI CORPORATION Reports Third Quarter 2008 Financial Results
Date:8/20/2008

,989,278) (5,554,976)

DIVIDENDS (424,815) -

NET LOSS AVAILABLE TO COMMON SHAREHOLDERS $(2,414,093) $(5,554,976)

NET LOSS PER COMMON SHARE (BASIC) $ (0.02) $ (0.05)

NET LOSS PER COMMON SHARE (DILUTED) $ (0.02) $ (0.05)

WEIGHTED AVERAGE COMMON SHARES OUTSTANDING,

BASIC & DILUTED 117,773,569 108,526,680

CEL-SCI CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(unaudited)

Nine Months Ended

June 30,

2008 2007

REVENUE:

Grant revenue $ 3,535 $ 31,779

Rent income 1,530 18,629

Other income - 1,556

Total Revenue 5,065 51,964

EXPENSES:

Research and development, excluding

depreciation of $101,005 and $62,364

included below 3,041,212 1,817,891

Depreciation and amortization 161,211 129,247

General and administrative 3,931,857 5,473,605

Total Expenses 7,134,280 7,420,743

LOSS FROM OPERATIONS (7,129,215) (7,368,779)

GAIN (LOSS) ON DERIVATIVE INSTRUMENTS 35,157 (818,580)

INTEREST INCOME 430,320 362,777

INTEREST EXPENSE (378,569) (1,566,638)

NET LOSS BEFORE INCOME TAXES
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SOURCE CEL-SCI CORPORATION
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