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Inovio Pharmaceuticals Reports 2013 First Quarter Financial Results
Date:5/10/2013

License fee and milestone revenue from affiliated entity

106,250106,250Grants and miscellaneous revenue

1,334,7161,562,033Total revenues1,455,2251,693,121Operating expenses:Research and development

5,115,1124,042,579General and administrative

2,974,1532,488,088Gain on sale of assets

—(651,000)Total operating expenses8,089,2655,879,667Loss from operations(6,634,040)(4,186,546)Other income (expense):Interest and other income, net

39,46031,544Change in fair value of common stock warrants

(1,427,616)(3,548,173)Loss on investment in affiliated entity

(836,084)(561,544)Net loss(8,858,280)(8,264,719)Net loss attributable to non-controlling interest

14,1609,770Net loss attributable to Inovio Pharmaceuticals, Inc.$

(8,844,120)$

(8,254,949)Loss per common share—basic and diluted:Net loss per share attributable to Inovio Pharmaceuticals, Inc. stockholders$

(0.06)$

(0.06)Weighted average number of common shares outstanding—basic and diluted156,155,532134,968,394CONTACTS:
Investors: Bernie Hertel, Inovio Pharmaceuticals, 858-410-3101, bhertel@inovio.com
Media: Jeff Richardson, Inovio Pharmaceuticals, 267-440-4211, jrichardson@inovio.com

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