01:06 PM EDT, 05/02/2024 (MT Newswires) -- Geron ( GERN ) shares fell 2.5% in recent Thursday trading after the company reported a wider Q1 loss.

The loss of $0.09 a share widened from $0.07 a year earlier, the company said Thursday in a statement.

Analysts polled by Capital IQ expected a loss of $0.10.

Revenue in the quarter ended March 31 rose to $304,000 from $21,000 a year earlier.

As of March 31, the company had $465 million in cash and marketable securities, which, together with projected revenue, potential funding from the exercise of outstanding warrants and future drawdowns under a loan facility, are expected to be sufficient to fund operations through Q2 2026, according to the statement.

Price: 3.98, Change: -0.10, Percent Change: -2.45