HCW Biologics Inc.
For the period ended Mar 31, 2025. Filed May 15, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 15, 2025
HCWB$1.02-1.9%Stored close · as of Nov 6, 2026
Contents
Statements of operations
Condensed Statements of Operations
| Three Months EndedMarch 31, | ||
|---|---|---|
| 2024 | 2025 | |
| Revenues: | ||
| Revenues | $1,126,712 | $5,065 |
| Cost of revenues | (511,965) | (4,052) |
| Net revenues | 614,747 | 1,013 |
| Operating expenses: | ||
| Research and development | 2,123,284 | 1,478,711 |
| General and administrative | 1,566,092 | 2,227,597 |
| Legal expenses, net | 4,419,034 | (1,739,493) |
| Total operating expenses | 8,108,410 | 1,966,815 |
| Loss from operations | (7,493,663) | (1,965,802) |
| Interest expense | — | (255,822) |
| Other income, net | 25,602 | 24,749 |
| Net loss | $(7,468,061) | $(2,196,875) |
| Net loss per share, basic and diluted | $(0.20) | $(0.05) |
| Weighted average shares outstanding, basic and diluted | 37,223,588 | 44,675,656 |
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