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GenVec Reports Second Quarter 2009 Financial Results
Date:8/6/2009

--- ---- ---- (Unaudited) (Unaudited) ----------- ----------- Revenue $3,781 $3,863 $7,576 $7,592 Operating expenses: Research and development 7,096 8,356 14,385 16,049 General and administrative 1,453 2,289 3,383 4,729 ----- ----- ----- ----- Total operating expenses 8,549 10,645 17,768 20,778 ----- ------ ------ ------ Loss from operations (4,768) (6,782) (10,192) (13,186) Interest income 8 156 35 417 Interest expense, net (52) 73 (65) (48) Other 3 3 (268) 7 ---- ---- ---- ---- Net loss $(4,809) $(6,550) $(10,490) $(12,810) ======= ======= ======== ======== Basic and diluted loss per share $(0.05) $(0.08) $(0.12) $(0.17) ====== ====== ====== ====== Shares used in computing basic and diluted net loss per share 92,053 78,707 90,356 77,073 ====== ====== ====== ====== GenVec, Inc. Selected Balance Sheet Information (in thousands) June 30, December 31, 2009 2008 ---- ---- (Unaudited) Cash and investments $12,628 $17,357 Working capit
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