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Inovio Pharmaceuticals Inc (INO) Q4 Revenue Grew 3.5% Year-Over-Year

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Inovio Pharmaceuticals Inc (NASDAQ: INO ) reported its latest quarterly earnings results after the bell Wednesday, with revenue and earnings rising year-over-year.

The pharmaceutical company announced a net loss of $21.5 million, or 24 cents per share, narrower than its year-ago loss of $26.2 million, or 35 cents per share for its fourth quarter. For the full year, the company lost $88.2 million, or $1.08 per basic share, which was wider than the year-ago loss of $73.7 million, or $1.01 per basic share.

Inovio Pharmaceuticals reported total revenue for its fourth quarter of $8.8 million, a 3.5% gain compared to the year-ago quarter of $8.5 million. For the full year, the company's revenue reached $42.2 million, beating the $35.4 million from the year-ago quarter, rising more than 19% compared to the year-ago quarter.

The company's total operating expenses for the quarter were $31.7 million, ahead of the year-ago total of $30.9 million. For the full fiscal year, this figure was $125.9 million, topping the year-ago total operating expenses of $111.6 million.

Inovio Pharmaceutical's research and development expenses for the quarter came in at $24.6 million, and they were $98.6 million for the fiscal year 2017. In the year-ago period and year, they were $23.9 million and $88.7 million respectively. This increase in expenses was linked with a rise in the company's headcount.

INO shares were trading flat after the bell.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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