CEL-SCI Corp.'s (CVM) net loss available to common shareholders for the fiscal year 2012 was $17.6 million, or $0.07 per share, versus a loss of $26.8 million, or $0.13 per share for the fiscal 2011 year.
The change in net loss available to common shareholders in fiscal year 2012 was primarily due to a $12 million one-time expense for the settlement of a lawsuit from 2011. Subsequent to the end of its fiscal year, CEL-SCI completed a Registered Direct Offering, where it sold its common stock and warrants, raising gross proceeds of $10.5 million.
The company reported an operating loss of $17.24 million in fiscal year 2012 versus an operating loss of $17.99 million in fiscal year 2011.
The operating loss included research and development expenses of $10.4 million in fiscal 2012 compared to $11.7 million in fiscal 2011. The operating loss also included the general and administrative expenses of $6.6 million in fiscal 2012 compared to $6.7 million in fiscal 2011.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.