Geron Corporation (GERN) saw its loss almost stable for the quarter ended Dec. 31, 2016. In the previous year period, the company reported a loss of $8.47 million, or $0.05 a share. Revenue during the quarter plunged 57.27 percent to $0.09 million from $0.22 million in the previous year period.
Operating loss for the quarter was $8.78 million, compared with an operating loss of $8.64 million in the previous year period.
Working capital remains almost stableGeron Corporation has witnessed a decline in the working capital over the last year. It stood at $108.24 million as at Dec. 31, 2016, down 0.93 percent or $1.02 million from $109.26 million on Dec. 31, 2015. Current ratio was at 14.76 as on Dec. 31, 2016, down from 17.47 on Dec. 31, 2015.
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