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Genta Incorporated Announces Fourth Quarter and Year End 2007 Financial Results and Corporate Highlights
Date:3/12/2008

22 29 90 108

Gross margin 245 88 490 600

Operating expenses:

Research and development 1,247 6,164 13,491 28,064

Selling, general and

administrative 3,995 6,040 16,865 25,152

Provision for settlement of

litigation (1,640) 5,280 (4,240) 5,280

Write-off of prepaid royalty - 1,268 - 1,268

Total operating expenses 3,602 18,752 26,116 59,764

Other income 139 431 836 1,454

Net loss before income tax benefit (3,218) (18,233) (24,790) (57,710)

Income tax benefit 1,470 929 1,470 929

Net loss $ (1,748) $(17,304) $(23,320) $(56,781)

Net loss per basic and diluted

share $ (0.06) $ (0.68) $ (0.79) $ (2.52)

Shares used in computing basic and

diluted net loss per share

(adjusted for 1-for-6 reverse

stock split on July 13, 2007) 30,621 25,621 29,621 22,553

Selected Condensed Consolidated Balance Sheet Data

(Unaudited)

December 31 December 31

2007 2006

Cash, cash equivalents and

marketable securities $ 7,813 $ 29,496

Working capital 877 12,682

Total assets 29,293 51,778

Total stockholders' equity 2,931 14,642


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SOURCE Genta Incorporated
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