Clene Inc.
For the period ended Dec 31, 2025. Filed Mar 17, 2026.
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FY2025 · Filed Mar 17, 2026
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, | ||
|---|---|---|
| 2025 | 2024 | |
| Revenue: | ||
| Product revenue | $119 | $237 |
| Royalty revenue | 81 | 105 |
| Total revenue | 200 | 342 |
| Operating expenses: | ||
| Cost of revenue | 43 | 70 |
| Research and development | 14,011 | 20,058 |
| General and administrative | 9,229 | 13,307 |
| Total operating expenses | 23,283 | 33,435 |
| Loss from operations | (23,083) | (33,093) |
| Other income (expense), net: | ||
| Interest income | 223 | 865 |
| Interest expense | (2,682) | (4,064) |
| Loss on extinguishment of notes payable | — | (214) |
| Issuance costs for common stock warrant liabilities | — | (157) |
| Loss on initial issuance of equity | — | (2,097) |
| Change in fair value of common stock warrant liabilities | (522) | (702) |
| Change in fair value of derivative liabilities | (363) | (379) |
| Change in fair value of Clene Nanomedicine contingent earn-out liability | — | 75 |
| Change in fair value of Initial Stockholders contingent earn-out liability | — | 10 |
| Research and development tax credits and unrestricted grants | 254 | 357 |
| Other expense, net | — | (1) |
| Total other income (expense), net | (3,090) | (6,307) |
| Net loss before income taxes | (26,173) | (39,400) |
| Income tax expense | — | — |
| Net loss | $(26,173) | $(39,400) |
| Other comprehensive income (loss): | ||
| Unrealized loss on available-for-sale securities | $— | $(1) |
| Foreign currency translation adjustments | 101 | (127) |
| Total other comprehensive income (loss) | 101 | (128) |
| Comprehensive loss | $(26,072) | $(39,528) |
| Net loss per share – basic and diluted | $(2.65) | $(5.67) |
| Weighted average common shares used to compute basic and diluted net loss per share | 9,858,907 | 6,954,133 |
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