Inovio Pharmaceuticals Reports 2012 Fourth Quarter and Year End Financi... (December 31 2012 and December&#...)

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Inovio Pharmaceuticals Reports 2012 Fourth Quarter and Year End Financial Results

Date:3/18/2013

December 31, 2012 and

December 31, 2011, respectively

——Common stock—par value $0.001; Authorized shares: 300,000,000,

issued and outstanding: 144,313,005 at December 31, 2012 and

134,968,394 at December 31, 2011

144,313134,968Additional paid-in capital

263,897,116257,235,707Accumulated deficit

(229,760,129)(210,091,174)Accumulated other comprehensive income

73,36235,393Total Inovio Pharmaceuticals, Inc. stockholders' equity34,354,66247,314,894Non-controlling interest

502,743546,768Total stockholders' equity

34,857,40547,861,662Total liabilities and stockholders' equity$

45,138,754$

61,106,561

Inovio Pharmaceuticals, Inc.CONSOLIDATED STATEMENTS OF OPERATIONSFor the Years ended December 31,201220112010Revenues:License fee and milestone revenue

82,536$

156,397$

213,916License fee and milestone revenue from affiliated entity

425,000411,459313,306Revenue under collaborative research and development

arrangements with affiliated entity

152,467——Grants and miscellaneous revenue

3,458,6499,227,4015,549,583Miscellaneous revenue from affiliated entity

——67,900Total revenues4,118,6529,795,2576,144,705Operating expenses:Research and development

17,984,82520,032,00113,256,606General and administrative

10,778,35911,988,79612,108,261Gain on sale of assets

(1,151,000)(587,000)—Total operating expenses27,612,18431,433,79725,364,867Loss from operations(23,493,532)(21,638,540)(19,220,162)Other income (expense):Interest and other income, net

166,11334,285147,406Change in fair value of common stock warrants

1,982,6208,690,6582,403,924Gain (Loss) on investment in affiliated entity

1,631,819(2,390,498)(969,914)Net loss(19,712,980)(15,304,095)(17,638,746)Net loss at
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SOURCE Inovio Pharmaceuticals, Inc.
Copyright©2012 PR Newswire.
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