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Tengion Reports Fourth Quarter and Full Year 2011 Financial Results
Date:3/26/2012

and the Company disclaims any intention or responsibility for updating predictions or expectations in this release.TENGION, INC.
(A Development-Stage Company)CONDENSED STATEMENTS OF OPERATIONS(unaudited)Three Months EndedDecember 31,Twelve Months EndedDecember 31,Period fromJuly 10, 2003 (inception) throughDecember 31, 20112010201120102011Operating expenses:Research and development$

2,743$

3,714$

12,855$

13,293$

117,857General and administrative1,6481,9956,0327,19141,893Depreciation1,2023254,8623,14123,152Impairment of property and equipment—7,371—7,3717,371Other expense—709—1,7051,705Total operating expenses(5,593)(14,114)(23,749)(32,701)(191,978)Interest income151562538,511Interest expense(367)(183)(2,105)(849)(14,889)Change in fair value of warrant liability—31319214,43616,499Net loss $

(5,945)$

(13,969)$

(25,600)$

(19,061)$

(181,857)Accretion of redeemable convertible preferred stock to redemption value——(3,993)—Net loss attributable to common stockholders$

(5,945)$

(13,969)$

(29,593)$

(19,061)Basic and diluted net loss attributable to common stockholders per share$

(0.48)$

(0.59)$

(3.22)$

(0.88)Weighted-average common stock outstanding :Basic and diluted12,35623,7379,19721,629TENGION, INC.
(A Development-Stage Company)BALANCE SHEET DATA(unaudited)December 31,2010December 31, 2011Cash and cash equivalents$

11,972$

9,244Short-term investments—6,066Total assets24,14417,817Warrant liability—2,511Long-term debt (including current portion)8,6014,987Total liabilities13,08412,802Total stockholders' equity11,0605,015TENGION, INC.
(A Development-Stage Company)RECONCILIATION OF NON-GAAP FINANCIAL MEASURES(unaudited)In accordance with Regulation G of the Securities and Exchange Commission, the table set forth below reconciles certain financial
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SOURCE Tengion, Inc.
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