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GenVec Reports Third Quarter 2011 Financial Results

lable at  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




16,016   General and administrative




6,626Total operating expenses




22,642Loss from operations




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

  of warrants




127  Other income (expense)




(31)Total other income, net




96Net loss



$ (4,937)

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

$  (0.11)

$  (0.18)

$   (0.38)

Weighted average shares outstanding -

basic and diluted

SOURCE GenVec, Inc.
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