Celcuity Q2 2021 Earnings Report
Key Takeaways
Celcuity reported a net loss of $14.0 million for the second quarter of 2021, compared to a net loss of $2.2 million for the second quarter of 2020. The company's cash and cash equivalents were $41.6 million as of June 30, 2021, and after a follow-on equity offering in July, they had approximately $94.4 million of cash on hand.
Raised approximately $56.3 million of gross proceeds from a follow-on public offering of common stock in early July.
After follow-on offering, Celcuity had approximately $94.4 million of cash on hand.
Total operating expenses were $13.6 million for the second quarter of 2021, compared to $2.2 million for the second quarter of 2020.
Net loss for the second quarter of 2021 was $14.0 million, or $1.11 loss per share.
Celcuity
Celcuity
Forward Guidance
Celcuity expects to achieve certain potential milestones over the next twelve months.