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GenVec Reports Fourth Quarter And 2012 Year-End Financial Results
Date:3/22/2013

, Inc.
Condensed Statements of Operations(in thousands, except per share data)Quarters Ended
December 31,Years EndedDecember 31,2012201120122011(unaudited)(unaudited)Revenues

$1,521$3,389$9,353$17,744Operating expenses:Research and development

3,0643,87814,34817,416General and administrative

1,6272,0239,1027,810Total operating expenses

4,6915,90123,45025,226Operating loss

(3,170)(2,512)(14,097)(7,482)Other income:Interest and other income, net

1184241Net loss

$(3,159)$(2,504)$(14,055)$(7,441)Basic and diluted net loss per share

$(0.24)$(0.19)$(1.09)$(0.58)Shares used in computation of basicand diluted net loss per share

12,94612,93412,94012,921GenVec, Inc.Selected Balance Sheet Information(in thousands)As of December 31,20122011(unaudited)Cash, cash equivalents and short-term investments$15,255$26,446Working capital12,74125,739Total assets17,43030,150Stockholders' equity13,74326,538 Retail Investor and Media Contact: Institutional Investor Contact:GenVec, Inc.

S.A. Noonan CommunicationsDouglas J. Swirsky

Susan A. Noonan(240) 632-5510

(212) 966-3650dswirsky@genvec.com 

susan@sanoonan.com


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SOURCE GenVec, Inc.
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