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GeoVax Labs, Inc. Second Quarter Financial Results and Operational Update
Date:8/19/2007

our recent financing announcement. This substantial $7.5 million investment will enhance our HIV/AIDS vaccine development and human clinical trials program, thus allowing us to push forward into large scale Phase 2 AIDS vaccine trials involving many more human participants."

GEOVAX LABS, INC.

Condensed Consolidated Statements of Operations

(amounts in thousands, except per share data)

Three Months Ended Six Months Ended

June 30, June 30,

2007 2006 2007 2006

Revenues

Grant Revenue $ - $479 $ - $479

Operating expenses:

Research and development 701 108 913 336

General and administrative 650 179 1,050 302

1,351 287 1,963 638

Other income (expense)

Interest income 18 6 43 16

18 6 43 16

Net loss $(1,333) $198 $(1,920) $(143)

Income (loss) per common share $(0.00) $0.00 $(0.00) $(0.00)

GEOVAX LABS, INC.

Balance Sheet Highlights

(amounts in thousands)

June 30, Dec. 31,

2007 2006

Assets:

Cash and cash equivalents $1,009 $2,088

Other current assets 77 38

Total current assets 1,086 2,126

Property and other a
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SOURCE GeoVax Labs, Inc.

Copyright©2007 PR Newswire.

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