Geron: Overview of Fourth Quarter Financial Results

Geron Corp. Announces Fourth Quarter Financial Results

Geron Corp., headquartered in Foster City, California, disclosed a net loss of $31.1 million for the fourth quarter.

The company reported a loss of 5 cents per share, while the loss, after accounting for restructuring expenses, was 3 cents per share.

These figures were in line with the expectations of Wall Street analysts, as a consensus of five analysts polled by Zacks Investment Research also anticipated a loss of 3 cents per share.

During the quarter, Geron generated $48 million in revenue, which was below the $50.7 million projected by four analysts surveyed by Zacks.

For the entire year, Geron recorded a total loss of $85.8 million, or 13 cents per share, with annual revenue reaching $183.9 million.