VIENNA, Va.--(BUSINESS WIRE)--CEL-SCI Corporation (NYSE AMEX: CVM) reports financial results for the quarter ended March 31, 2011. CEL-SCI reported that the net loss available to common shareholders for the three months ended March 31, 2011 was $(15.1 million) versus a net loss available to common shareholders of $(2.2 million) during the same three months ended March 31, 2010. Net loss per share, basic was $(0.07) for the three months ended March 31, 2011 versus a loss of $(0.01) during the same three months ended March 31, 2010. Net loss available to common shareholders for the six months ended March 31, 2011 was $(21.3 million) versus net income available to common shareholders of $17 million during the same six months ended March 31, 2010. Net loss per share, basic was $(0.10) for the six months ended March 31, 2011 versus net income of $0.09 per share, basic, during the same six months ended March 31, 2010. The significantly increased loss in the quarter ending March 31, 2011 was due to a one-time charge of $12 million in connection with the settlement of litigation related to a previous financing. The net income available to shareholders for the six months ended March 31, 2010 was due to derivative accounting.
