Celcuity Q1 2022 Earnings Report

Celcuity's financial position was $78.3 million in cash and cash equivalents, with a net loss of $7.9 million, or $0.53 per share.

Key Takeaways

Celcuity reported a net loss of $7.9 million, or $0.53 per share, for the first quarter of 2022. The company's cash and cash equivalents were $78.3 million as of March 31, 2022. They entered into a definitive securities purchase agreement expected to result in $100 million in gross proceeds.

Total operating expenses were $7.5 million, compared to $2.8 million for the first quarter of 2021.

Net cash used in operating activities was $5.9 million, compared to $2.5 million for the first quarter of 2021.

Research and development expenses were $6.7 million, compared to $2.2 million for the first quarter of 2021.

Net loss was $7.9 million, or $0.53 per share, compared to a net loss of $2.8 million, or $0.25 per share for 2021.

EPS

-$0.47

Previous year: -$0.21

+123.8%

Cash and Equivalents

$78.3M

Previous year: $34.9M

+124.1%