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GenVec Reports Third Quarter 2011 Financial Results
Date:11/9/2011

lable at www.sec.gov.  These forward-looking statements speak only as of the date of this press release, and GenVec assumes no duty to update forward-looking statements.

(Tables to follow)GENVEC, INC.CONDENSED STATEMENT OF OPERATIONS(in thousands, except per share data)(Unaudited)Three Months EndedSeptember 30,Nine Months EndedSeptember 30,2011201020112010Revenues

$  4,332

$  5,156

$  14,355

$  11,276Operating expenses:   Research and development

3,819

5,137

13,538

16,016   General and administrative

2,005

2,397

5,787

6,626Total operating expenses

5,824

7,534

19,325

22,642Loss from operations

(1,492)

(2,378)

(4,970)

(11,366)Other income (expense):   Interest income, net change in fair value

  of warrants

9

-

33

127  Other income (expense)

-

-

-

(31)Total other income, net

9

-

33

96Net loss

$(1,483)

$(2,378)

$ (4,937)

$(11,270)Net loss per share - basic and diluted

$  (0.11)

$  (0.18)

$   (0.38)

$
(0.90)
Weighted average shares outstanding -

basic and diluted


SOURCE GenVec, Inc.
Copyright©2010 PR Newswire.
All rights reserved

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