Loading...
•
Sep 30, 2021
Longeveron Q3 2021 Earnings Report
Reported financial results for the third quarter ended September 30, 2021.
Key Takeaways
Longeveron Inc. reported revenue of $0.2 million and a net loss of $4.9 million for the third quarter of 2021. The company's cash and short term investments amounted to $19.0 million. They believe that their existing cash on hand will be sufficient to cover expenses and capital requirements through at least the fourth quarter of 2022.
Revenue for the third quarter 2021 was $0.2 million, compared to $1.8 million in the same period in 2020.
Research and development expenses in the third quarter of 2021 were $2.0 million, compared to $0.6 million for the same period in 2020.
General and administrative expenses in the third quarter of 2021 were $3.0 million, compared to $0.7 million for the same period in 2020.
Net loss was $4.9 million in the third quarter 2021, compared to $0.9 million for the same period in 2020.
Forward Guidance
Based on the Company’s current operating plan and financial resources, we believe that our existing cash on hand will be sufficient to cover expenses and capital requirements through at least the fourth quarter of 2022.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...