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GeoVax Labs, Inc. Announces First Quarter Financial Results

Statements of Operations Information(amounts in thousands, except per share data)Three Months EndedMarch 31, 2011

2010RevenuesGrant Revenue$  893

$  1,339Operating expenses:Research and development838

1,369General and administrative662


2,038Other income:Interest income1


9Net loss$  (606)

$  (691)Loss per common share$  (0.04)

$  (0.04)GEOVAX LABS, INC.Condensed Balance Sheet Information(amounts in thousands)March 31,

Dec. 31,2011

2010Assets:Cash and cash equivalents$

,079Other current assets789

523Total current assets1,331

1,602Property, net 228

248Other assets509

507Total assets$

2,358Liabilities and stockholders' equityCurrent liabilities$

522Stockholders' equity1,395

1,836Total liabilities and stockholders' equity$

$  2,358Shares Outstanding15,676


The Investor Relations Group
Investor Relations:
James Carbonara
Public Relations:
Janet Vasquez

SOURCE GeoVax Labs, Inc.
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