Celcuity Q3 2023 Earnings Report

Reported financial results for the third quarter ended September 30, 2023 and provided other recent corporate updates.

Key Takeaways

Celcuity reported a net loss of $18.4 million, or $0.83 loss per share, for the third quarter of 2023, compared to a net loss of $10.9 million, or $0.75 loss per share, for the third quarter of 2022. Total operating expenses were $18.9 million for the third quarter of 2023, compared to $10.6 million for the third quarter of 2022. At September 30, 2023, Celcuity reported cash, cash equivalents and short-term investments of $133.9 million.

Total operating expenses were $18.9 million for the third quarter of 2023, compared to $10.6 million for the third quarter of 2022.

Research and development (R&D) expenses were $17.5 million for the third quarter of 2023, compared to $9.6 million for the third quarter of 2022.

Net loss for the third quarter of 2023 was $18.4 million, or $0.83 loss per share, compared to a net loss of $10.9 million, or $0.75 loss per share, for the third quarter of 2022.

At September 30, 2023, Celcuity reported cash, cash equivalents and short-term investments of $133.9 million.

Previous year: -$0.63

Previous year: $57.5M