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Inovio Pharmaceuticals Reports 2011 Third Quarter Financial Results
Date:11/7/2011

6,436,708Deferred revenue, net of current portion

81,853

72,780Deferred revenue from affiliated entity, net of current portion

2,055,444

2,336,694Deferred rent

68,280

67,112Deferred tax liabilities

53,186

53,186Total liabilities11,962,364

8,966,480Stockholders' equity:Inovio Pharmaceuticals, Inc. stockholders' equity:Common stock

127,257

105,038Additional paid-in capital

255,238,121

241,233,334Accumulated deficit

(204,614,933)

(194,838,229)Accumulated other comprehensive income

(5,206)

2,850Total Inovio Pharmaceuticals, Inc. stockholders' equity50,745,239

46,502,993Non-controlling interest

558,716

597,918Total stockholders' equity

51,303,955

47,100,911Total liabilities and stockholders' equity$  63,266,319

$  56,067,391INOVIO PHARMACEUTICALS, INCCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(Unaudited)Three Months Ended
September 30,Nine Months Ended
September 30,2011201020112010Revenue:License fee and milestone revenue

$  76,888

$  39,330

$  129,712

$  161,825License fee and milestone revenue from affiliated
  entity

106,250

93,750

305,208

219,556Grant and miscellaneous revenue

2,454,423

1,075,563

7,727,669

3,335,510Miscellaneous revenue from affiliated entity

67,900

67,900Total revenue2,637,561

1,276,543

8,162,589

3,784,791Operating expenses:Research and development

6,987,824

2,951,067

15,873,601

8,764,891General and administrative

2,323,188

2,881,994

8,734,806

8,959,745Gain on sale of assets

(337,000  )

(587,000  )

—Total operating expenses8,974,012

5,833,061


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SOURCE Inovio Pharmaceuticals, Inc.
Copyright©2010 PR Newswire.
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