PORTLAND, Ore.--(BUSINESS WIRE)--AVI BioPharma, Inc. (Nasdaq:AVII) today reported financial results for the three months ended March 31, 2007. For the first quarter of 2007, AVI reported a net loss of $9.7 million, or $0.18 per share, compared with a net loss of $9.1 million, or $0.18 per share, for the first quarter of 2006. Revenues for the first quarter of 2007 were $536,000, compared with $66,000 for the first quarter of 2006, reflecting increases in research contracts revenues of $485,000 and license fees of $31,000, partially offset by decreases in grants revenues of $46,000.
