BMO Capital Starts Sangamo BioSciences (SGMO) at Outperform

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Sangamo BioSciences Reports First Quarter 2015 Financial Results

April 22, 2015 4:02 PM EDT

RICHMOND, Calif., April 22, 2015 /PRNewswire/ -- Sangamo BioSciences, Inc. (NASDAQ: SGMO) today reported its first quarter 2015 financial results and accomplishments.

For the first quarter ended March 31, 2015, Sangamo reported a consolidated net loss of $5.3 million, or $0.08 per share, compared to a net loss of $7.6 million, or $0.12 per share, for the same period in 2014. As of March 31, 2015, the Company had cash, cash equivalents, marketable securities and interest receivable of $226.1 million.

Revenues for the first quarter of 2015 were $13.5 million, compared to $8.1 million for the same... More