Geron reported a net loss of $16.4 million, or $0.08 per share, for the first quarter of 2020, compared to a net loss of $10.1 million, or $0.05 per share, for the comparable 2019 period. As of March 31, 2020, Geron had approximately $133 million in cash, cash equivalents, and current and non-current marketable securities.
Reported a net loss of $16.4 million, or $0.08 per share, for the first quarter of 2020.
Revenues for the first quarter of 2020 were $52,000.
Total operating expenses for the first quarter of 2020 were $16.9 million.
As of March 31, 2020, Geron had approximately $133 million in cash, cash equivalents, and current and non-current marketable securities.
The company expects its 2020 operating expense burn to range from $70 to $75 million. The company estimates these financial resources, combined with the estimated net proceeds of approximately $140 million from the recently closed public offering of securities, provide sufficient funds for the Company’s operations into the second half of 2022.
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