Geron Corp (GERN) Misses Q4 EPS by 1c

Geron Corp (NASDAQ: GERN) reported Q4 EPS of ($0.07), $0.01 worse than the analyst estimate of ($0.06). Revenue for the quarter came in at $50 thousand versus the consensus estimate of $50 thousand.

Projected 2021 Financial Guidance:

For fiscal year 2021, the Company expects its operating expense burn to range from $108 to $112 million, which includes costs for the two ongoing Phase 3 clinical trials; producing validation batches of imetelstat at contract manufacturers to enable future production of imetelstat for clinical and commercial purposes; and preparatory activities for NDA and commercial readiness.

As of December 31, 2020, the Company had 55 employees. The Company plans to grow to a total of approximately 80 to 85 employees by year-end 2021, of which the majority will be research and development personnel.

For earnings history and earnings-related data on Geron Corp (GERN) click here.

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