Clene Inc. (CLNN) Financial Statements (2025 and earlier)

Company Profile

Business Address 6550 SOUTH MILLROCK DRIVE, SUITE G50
SALT LAKE CITY, UT 84121
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 2834 - Pharmaceutical Preparations (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:21,70027,90035,00042,10049,20018,400
Cash and cash equivalents21,68221,73228,82142,11349,24318,442
Short-term investments  6,1786,179   
Other undisclosed cash, cash equivalents, and short-term investments18(10) (13)(43)(42)
Receivables  641436416163
Inventory, net of allowances, customer advances and progress billings3737371045288
Inventory3737371045288
Prepaid expense1,6881,8261,9092,0522,1742,216
Other current assets9118325681,029883962
Other undisclosed current assets3,5741,4521,1951,0979013,093
Total current assets:27,91032,11138,85246,44653,37124,822
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization  167187253269290
Operating lease, right-of-use asset3,9204,0464,1684,2874,3834,494
Restricted cash and investments585858585858
Other undisclosed noncurrent assets8,4428,6879,0769,3899,76410,224
Total noncurrent assets:12,42012,95813,48913,98714,47415,066
TOTAL ASSETS:40,33045,06952,34160,43367,84539,888
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities6,9935,5505,2245,0835,1446,541
Accounts payable1,0661,6451,5041,889846608
Accrued liabilities5,9273,9053,7203,1944,2985,933
Debt20,45320,03619,5309,632629,827
Other undisclosed current liabilities623599576553529508
Total current liabilities:28,06926,18525,33015,2685,73516,876
Noncurrent Liabilities
Long-term debt and lease obligation1,7451,8201,8946,67516,0176,716
Long-term debt, excluding current maturities1,7451,8201,8946,67516,0176,713
Finance lease, liability      3
Liabilities, other than long-term debt5,7527,5106,3846,94013,4365,399
Operating lease, liability4,5304,7204,9035,0805,2355,399
Derivative instruments and hedges, liabilities1,2222,7901,4811,8608,201 
Other undisclosed noncurrent liabilities5,2685,2905,34310,14411,12412,524
Total noncurrent liabilities:12,76514,62013,62123,75940,57724,639
Total liabilities:40,83440,80538,95139,02746,31241,515
Equity
Equity, attributable to parent(504)4,26413,39021,40621,533(1,627)
Common stock1131313138
Additional paid in capital259,913257,914255,901253,854251,478203,133
Accumulated other comprehensive income17014019989174221
Accumulated deficit(260,588)(253,803)(242,723)(232,550)(230,132)(204,989)
Total equity:(504)4,26413,39021,40621,533(1,627)
TOTAL LIABILITIES AND EQUITY:40,33045,06952,34160,43367,84539,888

Income Statement (P&L) ($ in thousands)

9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
Revenues9173170108269107
Cost of revenue(18)(16)(38)(12)(66)(5)
Gross profit:735713296203102
Operating expenses(7,464)(9,289)(10,062)(9,638)(10,539)(10,834)
Operating loss:(7,391)(9,232)(9,930)(9,542)(10,336)(10,732)
Nonoperating income (expense)606(1,848)(243)7,124(14,807)(1,038)
Investment income, nonoperating269359458546213172
Interest and debt expense(1,282) (1,200)(1,188)(1,104)(1,066)
Loss from continuing operations before equity method investments, income taxes:(8,067)(11,080)(11,373)(3,606)(26,247)(12,836)
Other undisclosed income from continuing operations before income taxes1,282 1,2001,1881,1041,066
Net loss available to common stockholders, diluted:(6,785)(11,080)(10,173)(2,418)(25,143)(11,770)

Comprehensive Income ($ in thousands)

9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
Net loss:(6,785)(11,080)(10,173)(2,418)(25,143)(11,770)
Comprehensive loss:(6,785)(11,080)(10,173)(2,418)(25,143)(11,770)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent30(59)110(85)(47)18
Comprehensive loss, net of tax, attributable to parent:(6,755)(11,139)(10,063)(2,503)(25,190)(11,752)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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