Clene Inc
For the period ended Dec 31, 2023. Filed Mar 13, 2024.
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FY2023 · Filed Mar 13, 2024
CLNN$4.41+0.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations and Comprehensive Loss
(In thousands, except share and per share amounts)
| Year Ended December 31, | ||
|---|---|---|
| 2023 | 2022 | |
| Revenue: | ||
| Product revenue | $498 | $329 |
| Royalty revenue | 156 | 144 |
| Total revenue | 654 | 473 |
| Operating expenses: | ||
| Cost of revenue | 121 | 26 |
| Research and development | 26,655 | 31,920 |
| General and administrative | 14,418 | 16,936 |
| Total operating expenses | 41,194 | 48,882 |
| Loss from operations | (40,540) | (48,409) |
| Other income (expense), net: | ||
| Interest income | 1,389 | 225 |
| Interest expense | (4,558) | (3,296) |
| Gain on termination of lease | — | 420 |
| Commitment share expense | (402) | — |
| Issuance costs for common stock warrant liabilities | (333) | — |
| Loss on initial issuance of equity | (14,840) | — |
| Change in fair value of common stock warrant liabilities | 6,337 | 169 |
| Change in fair value of Clene Nanomedicine contingent earn-out liability | 2,189 | 15,836 |
| Change in fair value of Initial Stockholders contingent earn-out liability | 281 | 2,026 |
| Research and development tax credits and unrestricted grants | 963 | 3,079 |
| Other income, net | 10 | 32 |
| Total other income (expense), net | (8,964) | 18,491 |
| Net loss before income taxes | (49,504) | (29,918) |
| Income tax benefit | — | — |
| Net loss | (49,504) | (29,918) |
| Other comprehensive loss: | ||
| Unrealized gain (loss) on available-for-sale securities | 16 | (14) |
| Foreign currency translation adjustments | (20) | (16) |
| Total other comprehensive loss | (4) | (30) |
| Comprehensive loss | $(49,508) | $(29,948) |
| Net loss per share – basic and diluted | $(0.47) | $(0.46) |
| Weighted average common shares used to compute basic and diluted net loss per share | 104,938,819 | 65,204,663 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.