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Tengion Provides Business Update and Reports Second Quarter 2013 Financial Results
Date:8/14/2013

ded derivative and derivative liability—(4,104)—(4,438)Change in fair value of warrant liability1,214(1,925)691(1,800) 

Net loss$

(3,319)$

(11,935)$

(8,268)$

(17,709)Basic and diluted net loss per share$

(1.40)$

(3.59)$

(3.49)$

(5.84) 

Weighted-average common stock outstanding – basic and diluted2,3733,3252,3713,034 TENGION, INC.
(A Development-Stage Company) 

 

BALANCE SHEET DATA(in thousands)(unaudited)December 31,2012June 30, 2013Cash and cash equivalents

$

7,536$

13,873Total assets12,43538,970Derivative liability2,449—Warrant liability6,17821,010Long-term debt (including current portion and embedded derivative)11,26928,510Total liabilities23,77855,480Total stockholders' deficit(11,343)(16,510) TENGION, INC.
(A Development-Stage Company)RECONCILIATION OF NON-GAAP FINANCIAL MEASURES(in thousands)(unaudited)In accordance with Regulation G of the Securities and Exchange Commission, the table set forth below reconciles certain financial measures used in this

press release that were not calculated in accordance with generally accepted accounting principles, or GAAP, with the most directly comparable

financial measure calculated in accordance with GAAP. Three Months EndedJune 30,Six Months Ended
June 30,2012201320122013Net loss attributable to common stockholders –

GAAP$

(3,319)$

(11,935)$

(8,268)$

(17,709)Change in fair value of embedded derivative

and derivative liability—4,104—4,438Change in fair value of warrant liability(1,214)1,925(691)1,800Other expense, net449192121 

Adjusted net loss$

(4,489)$

(5,815)$

(8,867)$

(11,350)Shares used in computing basic and diluted net loss:Basic and diluted2,3733,3252,3713,034Basic and diluted net loss per
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SOURCE Tengion, Inc.
Copyright©2012 PR Newswire.
All rights reserved

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