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Dec 31, 2021
Longeveron Q4 2021 Earnings Report
Reported financial results for the fourth quarter and full year 2021 and provided a business update.
Key Takeaways
Longeveron reported fourth quarter revenue of $0.2 million and a net loss of $4.1 million. The company's cash and short-term investments were $35.0 million. They believe that their existing cash and short-term investments will be sufficient to cover expenses and capital requirements into 2024.
Revenue in the fourth quarter 2021 was $0.2 million, compared to $1.2 million in the same period in 2020.
Research and development expenses in the fourth quarter of 2021 were $1.7 million compared to $1.2 million for the same period in 2020.
General and administrative expenses in the fourth quarter of 2021 were $2.3 million compared to $0.7 million for the same period in 2020.
Net loss was $4.1 million in the fourth quarter of 2021 compared to $1.4 million for the same period in 2020.
Forward Guidance
Based on the Company’s current operating plan and financial resources, they believe that their existing cash and short-term investments will be sufficient to cover expenses and capital requirements into 2024.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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