StemCells Inc. 2006 3rd-Quarter Financial Results

Palo Alto, California-based StemCells Inc. (STEM) reported 2006 3rd-quarter financial results on 1 November 2006. 

   net loss.................... $ 4,863,000 ($0.06 per share
   revenue..................... $    18,000 (grants)
   cash and cash equivalents... $55,441,000

During the first nine months of 2006, StemCells Inc. used net cash of $12,077,000 for "operating activities."

During April of 2006, the Company sold 11.75 million shares of common stock to institutional investors at $3.05 per share. On 31 October 2006, the day prior to the release of 3rd-quarter 2006 results, STEM closed at $3.17.

Exercises

  1. There are approximately _______________ STEM shares.

  2. If the Company's use of cash remains constant compared to the first nine months of the year, the Company will spend approximately $___________________ for "operating activities" during the 4th-quarter.

  3. Using the 31 October 2006 closing price, the STEM shares puchased by institutional investors during April of 2006 are (down | up) _____________%.

Related BABs
Update::2006.11.01

STEM shares fell 7.26% closing at $2.94; in other words, investors were not overly excited at StemCells Inc. 3rd-quarter results. It should be noted that the overall markets were weak this day with the NASDAQ having its worst day in eight weeks. The trading volume for STEM was 3,47 million versus a three-month trailing average of 1.06 million.

Creator: Gerald D. Thurman [gdt@deru.com]
Created: 01 November 2006

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