earnings
confidence high
sentiment neutral
materiality 0.60
Lineage Cell Therapeutics Q1 net loss $4.4M, cash $46.8M; OpRegen phase 2a enrolling
Lineage Cell Therapeutics, Inc.
2023-Q1 EPS reported
-$0.03
revenue$2,386,000
- Revenue $2.4M, down 54% YoY from $5.2M due to lower Roche collaboration revenue.
- Net loss improved to $4.4M ($0.03/share) from $7.1M ($0.04/share) in Q1 2022.
- Cash equivalents and marketable securities $46.8M; expected to fund operations into Q3 2024.
- OpRegen Phase 2a for GA secondary to AMD continues enrolling; new sites expected in 2023.
- OPC1 granted US patent expiring no earlier than 2040; Type B meeting with FDA planned.