Geron Shares Drop After Wider-Than-Expected 4Q Loss

Dow Jones

02-27

By Chris Wack

Geron shares fell 30% to $1.66 after the company reported a fourth-quarter loss that was wider than expected.

The biopharmaceutical company had a quarterly loss of $25.4 million, or 4 cents a share, compared with a loss of $52 million, or 9 cents a share, in the same quarter last year. Analysts polled by FactSet were looking for a loss of $12 million, or 2 cents a share.

Revenue for the quarter was $47.5 million, compared with last year's $23,000 and the $61.8 million analysts were expecting.

Geron expects to reach profitability without additional financing if current internal sales and operating expenses expectations are met. The company launched Rytelo, a telomerase inhibitor, at the end of June.

Geron had $502.9 million in cash and cash equivalents at Dec. 31.

For fiscal 2025, the company is looking for total operating expenses to be $270 million to $285 million.

Write to Chris Wack at chris.wack@wsj.com

(END) Dow Jones Newswires

February 26, 2025 13:11 ET (18:11 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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Analysts polled by FactSet were looking for a loss of $12 million, or 2 cents a share. \n</p>\n<p>\n  Revenue for the quarter was $47.5 million, compared with last year's $23,000 and the $61.8 million analysts were expecting. \n</p>\n<p>\n  Geron expects to reach profitability without additional financing if current internal sales and operating expenses expectations are met. The company launched Rytelo, a telomerase inhibitor, at the end of June. \n</p>\n<p>\n  Geron had $502.9 million in cash and cash equivalents at Dec. 31. \n</p>\n<p>\n  For fiscal 2025, the company is looking for total operating expenses to be $270 million to $285 million. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Chris Wack at chris.wack@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 26, 2025 13:11 ET (18:11 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GERN","symbol_name":"傑龍","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2514866346","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2514866346","pubTimestamp":1740593460,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Geron shares fell 30% to $1.66 after the company reported a fourth-quarter loss that was wider than expected.The biopharmaceutical company had a quarterly loss of $25.4 million, or 4 cents a share, compared with a loss of $52 million, or 9 cents a share, in the same quarter last year. 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Analysts polled by FactSet were looking for a loss of $12 million, or 2 cents a share. \n\n\n  Revenue for the quarter was $47.5 million, compared with last year's $23,000 and the $61.8 million analysts were expecting. \n\n\n  Geron expects to reach profitability without additional financing if current internal sales and operating expenses expectations are met. 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