Longeveron Inc. (LGVN) Financial Statements (2025 and earlier)

Company Profile

Business Address 1951 NW 7TH AVENUE
MIAMI, FL 33136
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
MRQ
12/31/2023
12/31/2022
12/31/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:5,36119,6589,963
Cash and cash equivalents4,94910,50325,658
Short-term investments 4129,1559,471
Other undisclosed cash, cash equivalents, and short-term investments   (25,166)
Receivables11143655
Deferred costs   200
Other undisclosed current assets37618625,162
Total current assets:5,84820,28035,380
Noncurrent Assets
Operating lease, right-of-use asset1,2211,531 
Property, plant and equipment2,5292,9493,062
Intangible assets, net (including goodwill)2,2872,4092,334
Intangible assets, net (excluding goodwill)2,2872,4092,334
Other noncurrent assets193  
Other undisclosed noncurrent assets  2441,990
Total noncurrent assets:6,2307,1337,386
TOTAL ASSETS:12,07827,41342,766
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,7906501,972
Accounts payable638 645
Accrued liabilities2,1526501,327
Deferred revenue506506 
Debt  2,315 
Other undisclosed current liabilities5931,398736
Total current liabilities:3,8894,8692,708
Noncurrent Liabilities
Liabilities, other than long-term debt1,448  
Other liabilities   
Operating lease, liability1,448  
Other undisclosed noncurrent liabilities  2,0412,605
Total noncurrent liabilities:1,4482,0412,605
Total liabilities:5,3376,9105,313
Equity
Equity, attributable to parent, including:6,74120,50337,453
Common stock  65
Treasury stock, value  (100)(100)
Additional paid in capital91,80083,71281,470
Accumulated other comprehensive loss (357) 
Accumulated deficit(84,984)(62,773)(43,938)
Stockholders' equity note, subscriptions receivable (100)  
Other undisclosed equity, attributable to parent251516
Total equity:6,74120,50337,453
TOTAL LIABILITIES AND EQUITY:12,07827,41342,766

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

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
Revenues7091,2221,306
Other income  300115
Cost of revenue(488)(725)(716)
Gross profit:221497590
Operating expenses(21,250)(18,540)(18,046)
Operating loss:(21,029)(18,043)(17,456)
Nonoperating income (expense)(384)(792)411
Other nonoperating income (expense)(377)(792)411
Interest and debt expense  (1,398)(4)
Other undisclosed loss from continuing operations before equity method investments, income taxes   
Loss from continuing operations before income taxes:(21,413)(20,233)(17,049)
Other undisclosed income from continuing operations  1,3984
Loss from continuing operations:(21,413)(18,835)(17,045)
Loss before gain (loss) on sale of properties:(17,045)
Net loss:(21,413)(18,835)(17,045)
Other undisclosed net loss attributable to parent   
Net loss attributable to parent:(21,413)(18,835)(17,045)
Preferred stock dividends and other adjustments   
Other undisclosed net loss available to common stockholders, basic(798)  
Net loss available to common stockholders, diluted:(22,211)(18,835)(17,045)

Comprehensive Income ($ in thousands)

9/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
Net loss:(21,413)(18,835)(17,045)
Comprehensive loss:(21,413)(18,835)(17,045)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent 357 
Comprehensive loss, net of tax, attributable to parent:(21,413)(18,478)(17,045)

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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