Maxim Group Downgrades Inovio Pharmaceuticals (INO) to Hold

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Go back to Maxim Group Downgrades Inovio Pharmaceuticals (INO) to Hold

Inovio Pharmaceuticals Reports 2016 Second Quarter Financial Results

August 8, 2016 8:00 AM EDT

PLYMOUTH MEETING, Pa., Aug. 08, 2016 (GLOBE NEWSWIRE) -- Inovio Pharmaceuticals, Inc. (NASDAQ: INO) today reported financial results for the quarter ended June 30, 2016. The following financial results provide a year-over-year comparison of the second quarter in 2016 and 2015. Total revenue was $6.2 million compared to $5.3 million. Total operating expenses were $24.4 million compared to $20.4 million. The net loss attributable to common stockholders was $18.7 million, or $0.26 per share, compared to $6.2 million, or $0.09 per share.

Revenue

The increase in revenue was primarily due to an increase in development payments from our DARPA Ebola... More