Clene Inc
For the period ended Mar 31, 2024. Filed May 8, 2024.
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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, 2024 · Filed May 8, 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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Condensed Consolidated Statements of Operations and Comprehensive Loss
(In thousands, except share and per share amounts)
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Revenue: | ||
| Product revenue | $44 | $64 |
| Royalty revenue | 29 | 43 |
| Total revenue | 73 | 107 |
| Operating expenses: | ||
| Cost of revenue | 16 | 5 |
| Research and development | 5,869 | 7,395 |
| General and administrative | 3,420 | 3,439 |
| Total operating expenses | 9,305 | 10,839 |
| Loss from operations | (9,232) | (10,732) |
| Other income (expense), net: | ||
| Interest income | 359 | 172 |
| Interest expense | (1,244) | (1,066) |
| Commitment share expense | — | (399) |
| Change in fair value of common stock warrant liabilities | (1,309) | — |
| Change in fair value of Clene Nanomedicine contingent earn-out liability | 53 | (55) |
| Change in fair value of Initial Stockholders contingent earn-out liability | 7 | (7) |
| Research and development tax credits and unrestricted grants | 286 | 314 |
| Other income, net | — | 3 |
| Total other income (expense), net | (1,848) | (1,038) |
| Net loss before income taxes | (11,080) | (11,770) |
| Income tax benefit | — | — |
| Net loss | (11,080) | (11,770) |
| Other comprehensive income (loss): | ||
| Unrealized gain (loss) on available-for-sale securities | (4) | 14 |
| Foreign currency translation adjustments | (55) | 4 |
| Total other comprehensive income (loss) | (59) | 18 |
| Comprehensive loss | $(11,139) | $(11,752) |
| Net loss per share – basic and diluted | $(0.09) | $(0.15) |
| Weighted average common shares used to compute basic and diluted net loss per share | 128,427,231 | 76,049,665 |
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