earnings
confidence high
sentiment neutral
materiality 0.70
Clene reports Q2 net loss $7.4M, cash $7.3M, plans NDA submission for CNM-Au8 in ALS by end of 2025
Clene Inc.
- Net loss of $7.4M ($0.78 per share) vs $6.8M ($1.06) in Q2 2024; R&D expenses $3.5M, G&A $2.4M.
- Cash and equivalents $7.3M as of June 30, 2025; post-quarter $1.9M equity and $1.5M convertible debt funding provides runway into Q1 2026.
- FDA meetings scheduled: Type C for survival data in Q3 2025, and analysis of NfL biomarker from NIH EAP early Q4 2025.
- Plans to submit NDA for CNM-Au8 in ALS under accelerated approval by end of 2025.
- End-of-Phase 2 Type B meeting with FDA for MS program planned in Q3 2025.
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