Geron Corp (GERN) Reports In-Line Q1 EPS

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Go back to Geron Corp (GERN) Reports In-Line Q1 EPS

Geron Corporation Reports First Quarter 2016 Financial Results and Recent Events

May 5, 2016 4:08 PM EDT

MENLO PARK, Calif., May 05, 2016 (GLOBE NEWSWIRE) -- Geron Corporation (Nasdaq: GERN) today reported financial results for the first quarter ended March 31, 2016 and recent events.

First Quarter 2016 Results

For the first quarter of 2016, the company reported operating revenues of $749,000 and operating expenses of $9.8 million compared to $537,000 and $10.0 million, respectively, for the comparable 2015 period. Revenues for the first quarter of 2016 and 2015 included royalty and license fee revenues under various non-imetelstat agreements. Operating expenses in the first quarter of 2015 included restructuring charges of $406,000 in connection with the companys organizational resizing... More