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Geron Corporation Reports 2004 Second Quarter Results.

Publication: Business Wire
Publication Date: 30-JUL-04 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
MENLO PARK, Calif. -- Geron Corporation (Nasdaq:GERN) today reported financial results for the three and six months ended June 30, 2004.

For the second quarter of 2004, the company reported a net loss of $8.9 million or $(0.20) per share compared to $9.3 million or $(0.32) per share in the second quarter of 2003. Net loss for the first six months of 2004 was $60.6 million or $(1.41) per share compared to $17.2 million or $(0.63) per share for the same period in 2003.

Revenues for the second quarter of 2004 were $366,000 compared to $285,000 for the comparable period in 2003. Revenues for the second quarter of 2004 included royalty revenues under license agreements with companies for sales of telomerase detection and measurement kits, and license fee revenues recognized from license agreements with multiple companies for nuclear transfer and telomerase technology. The increase in revenue in 2004 reflected new license agreements for Geron's telomerase technology signed during the second quarter of 2004.

Operating expenses for the...

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