Clene Inc.
For the period ended Mar 31, 2026. Filed May 14, 2026.
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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, 2026 · Filed May 14, 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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Condensed Consolidated Statements of Cash Flows
(In thousands)
| Three Months Ended March 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Cash flows from operating activities: | ||
| Net loss | $(8,091) | $(751) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation | 355 | 404 |
| Non-cash lease expense | 157 | 133 |
| Issuance costs for common stock warrant liabilities | 393 | — |
| Loss on initial issuance of equity | 4,582 | — |
| Change in fair value of common stock warrant liabilities | 1,060 | (2,510) |
| Change in fair value of derivative liabilities | (713) | (1,147) |
| Stock-based compensation expense | 1,312 | 1,947 |
| Accretion of debt discount | 303 | 237 |
| Non-cash interest expense on notes payable | 378 | 12 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | — | 64 |
| Inventory | (17) | 30 |
| Prepaid expenses and other current assets | (3,279) | (931) |
| Accounts payable | 417 | 173 |
| Accrued liabilities | (1,170) | (2,521) |
| Operating lease obligations | (215) | (151) |
| Net cash used in operating activities | (4,528) | (5,011) |
| Cash flows from investing activities: | ||
| Net cash provided by (used in) investing activities | — | — |
| Cash flows from financing activities: | ||
| Proceeds from issuance of common stock and warrants, net of offering costs | 5,324 | 2,673 |
| Payments of notes payable | (90) | — |
| Net cash provided by financing activities | 5,234 | 2,673 |
| Effect of foreign exchange rate changes on cash and restricted cash | 44 | 15 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 750 | (2,323) |
| Cash, cash equivalents and restricted cash – beginning of period | 5,247 | 12,213 |
| Cash, cash equivalents and restricted cash – end of period | $5,997 | $9,890 |
| Reconciliation of cash, cash equivalents and restricted cash to the consolidated balance sheets: | ||
| Cash and cash equivalents | $5,939 | $9,832 |
| Restricted cash | 58 | 58 |
| Cash, cash equivalents and restricted cash | $5,997 | $9,890 |
| Supplemental disclosure of non-cash investing and financing activities: | ||
| Common stock warrant liability recorded upon public stock offering | $5,882 | $— |
| Issuance of stock options as payment of bonus liability | $1,103 | $— |
| Supplemental cash flow information: | ||
| Cash paid for interest expense | $111 | $359 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.