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Agenus Reports Fourth Quarter And Year End 2012 Financial Results

Stocks in this article: AGEN

Stimulon is a registered trademark of Agenus Inc. and its subsidiaries.

Summary Consolidated Financial Information
Condensed Consolidated Statements of Operations Data
(in thousands, except per share data)
  Three months ended December 31, Year ended December 31,
  2012 2011 2012 2011
Revenue  $ 1,090  $ 644  $ 15,961  $ 2,756
Operating expenses:        
Cost of revenue  303  --   672  -- 
Research and development  2,371  2,856  10,565  11,023
General and administrative   2,645  2,710  11,465  10,820
Operating loss  (4,229)  (4,922)  (6,741)  (19,087)
Other expense, net  1,211  1,098  4,584  4,190
Net loss  (5,440)  (6,020)  (11,325)  (23,277)
Dividends on Series A convertible preferred stock  (199)  (197)  (792)  (790)
Net loss attributable to common stockholders  $ (5,639)  $ (6,217)  $ (12,117)  $ (24,067)
Per common share data, basic and diluted:        
Net loss attributable to common stockholders  $ (0.23)  $ (0.29)  $ (0.51)  $ (1.21)
Weighted average number of common shares outstanding, basic and diluted  24,682  21,519  23,629  19,899
Condensed Consolidated Balance Sheet Data
(in thousands)
  December 31, 2012 December 31, 2011    
Cash and cash equivalents  $ 21,468  $ 10,748    
Total assets  29,093  19,808    
Total stockholders' deficit  (17,600)  (20,831)    
CONTACT: Media and Investors: 
         Jonae R. Barnes
         Vice President 
         Investor Relations &
         Corporate Communications

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