Clene Inc ( (CLNN) ) has released its Q1 earnings. Here is a breakdown of the information Clene Inc presented to its investors.
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Clene Inc. is a clinical-stage pharmaceutical company focused on developing novel nanotechnology therapeutics for central nervous system disorders, including ALS, MS, and Parkinson’s disease. In its latest earnings report for the quarter ending March 31, 2025, Clene Inc. highlighted a reduction in net loss compared to the previous year, alongside strategic cost-saving initiatives. The company reported a net loss of $751,000, a significant improvement from the $11.08 million loss in the same quarter of 2024. This was achieved despite a modest increase in total revenue to $81,000, driven by product and royalty revenues. Clene also reported a decrease in operating expenses, particularly in research and development, which fell from $5.87 million to $1.48 million. The company continues to face financial challenges, with a cash position of $9.8 million and a stockholders’ deficit of $4.97 million. Clene’s management remains focused on securing additional funding to sustain operations and advance its drug candidates through clinical trials. The company is exploring various financing options and has implemented cost-saving measures to extend its operational runway.