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Mar 31, 2022
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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