Jun 30, 2021

Lineage Q2 2021 Earnings Report

Reported second quarter 2021 financial results and highlighted additional progress from clinical cell therapy programs.

Key Takeaways

Lineage Cell Therapeutics reported financial and operating results for the second quarter 2021, with revenue of $0.5 million and a net loss attributable to Lineage of $4.8 million, or $0.03 per share.

Lineage continued to make significant operational and developmental progress during the second quarter.

OpRegen has generated the only known cases of retinal tissue restoration in previously confirmed atrophic areas in humans.

Lineage will soon be returning OPC1 to clinical testing in a device safety study, which will include chronic spinal cord injury patients.

Lineage was added to the Russell 3000® Index, which will improve awareness of the continued success of the company's cell transplant approach.

Total Revenue
$512K
Previous year: $386K
+32.6%
EPS
-$0.03
Previous year: -$0.04
-25.0%
Gross Profit
$387K
Previous year: $311K
+24.4%
Cash and Equivalents
$68.7M
Previous year: $20.3M
+238.4%
Free Cash Flow
-$5.55M
Previous year: -$4.25M
+30.6%
Total Assets
$135M
Previous year: $112M
+20.2%

Lineage

Lineage

Forward Guidance

Lineage cautions that all statements, other than statements of historical facts, contained in this press release, are forward-looking statements and are subject to risks and uncertainties.