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Dec 31, 2023
Celcuity Q4 2023 Earnings Report
Reported financial results for the fourth quarter and full year ended December 31, 2023.
Key Takeaways
Celcuity reported a net loss of $18.8 million for the fourth quarter of 2023, compared to a net loss of $11.6 million for the fourth quarter of 2022. The company's operating expenses were $19.7 million for the fourth quarter of 2023, compared to $11.6 million for the fourth quarter of 2022. At December 31, 2023, Celcuity reported cash, cash equivalents and short-term investments of $180.6 million.
Total operating expenses were $19.7 million for the fourth quarter of 2023, compared to $11.6 million for the fourth quarter of 2022.
Research and development (R&D) expenses were $18.1 million for the fourth quarter of 2023, compared to $10.6 million for the prior-year period.
Net loss for the fourth quarter of 2023 was $18.8 million, or $0.65 loss per share, compared to a net loss of $11.6 million, or $0.69 loss per share, for the fourth quarter of 2022.
At December 31, 2023, Celcuity reported cash, cash equivalents and short-term investments of $180.6 million.
Celcuity
Celcuity
Forward Guidance
Celcuity expects cash, cash equivalents, investments and available funds under our debt facility to provide adequate capital to fund current operational activities into the first half of 2026.