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Sep 30, 2024

Lineage Q3 2024 Earnings Report

Lineage reported third quarter financial results and provided a business update.

Key Takeaways

Lineage Cell Therapeutics reported a net loss attributable to Lineage of $3.0 million, or $0.02 per share, for the three months ended September 30, 2024. Total revenues for the quarter were $3.8 million, an increase of approximately $2.5 million compared to the same period in 2023. Cash, cash equivalents, and marketable securities totaled $32.7 million as of September 30, 2024.

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Total revenues for the three months ended September 30, 2024 were $3.8 million

Total Revenue
$3.78M
Previous year: $1.25M
+203.3%
EPS
-$0.02
Previous year: -$0.04
-50.0%
Gross Profit
$3.6M
Previous year: $901K
+299.6%
Cash and Equivalents
$27.8M
Previous year: $41.3M
-32.8%
Free Cash Flow
-$5.9M
Previous year: -$5.18M
+14.0%
Total Assets
$96.6M
Previous year: $106M
-9.0%

Lineage

Lineage

Forward Guidance

Cash, cash equivalents, and marketable securities of $32.7 million as of September 30, 2024 is expected to support planned operations into Q1 2026.