Longeveron Inc

NASDAQ:LGVNUnited States

Nov 12, 2024

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• -- Earnings Flash (LGVN) LONGEVERON Reports Q3 Revenue $773,000, from 4:23PM ET on Tuesday Nov 12, 2024 by MT Newswires

  4:23PM ET on Tuesday Nov 12, 2024 by MT Newswires
  Companies Mentioned: LGVN
  04:23 PM EST, 11/12/2024 (MT Newswires) -- ...

• Longeveron(R) Announces Third Quarter 2024 Financial Results and Provides Business Update, from 4:05PM ET on Tuesday Nov 12, 2024 by Dow Jones

  4:05PM ET on Tuesday Nov 12, 2024 by Dow Jones
  Companies Mentioned: LGVN
  
  derek.cole@iradvisory.com
  Longeveron Inc. Condensed Balance Sheets (In thousands, except share and per share data) September 30, December 31, 2024 2023 --------------- -------------- (Unaudited) Assets Current assets: Cash and cash equivalents $ 22,778 $ 4,949 Marketable securities -- 412 Prepaid expenses and other current assets 609 376 Accounts and grants receivable 380 111 ----------- ---------- Total current assets 23,767 5,848 Property and equipment, net 2,622 2,529 Intangible assets, net 2,347 2,287 Operating lease asset 970 1,221 Other assets 203 193 ----------- ---------- Total assets $ 29,909 $ 12,078 =========== ========== Liabilities and stockholders' equity Current liabilities: Accounts payable $ 887 $ 638 Accrued expenses 1,479 2,152 Current portion of lease liability 616 593 Deferred revenue 118 506 ----------- ---------- Total current liabilities 3,100 3,889 Long-term liabilities: Lease liability 983 1,448 Other liabilities 199 -- ----------- ---------- Total long-term liabilities 1,182 1,448 ----------- ---------- Total liabilities 4,282 5,337 Commitments and contingencies (Note 9) Stockholders' equity: Preferred stock, $0.001 par value per share, 5,000,000 shares authorized, no shares issued and outstanding at September 30, 2024, and December 31, 2023 -- -- Class A common stock, $0.001 par value per share, 84,295,000 shares authorized, 13,352,770 shares issued and outstanding at September 30, 2024; 1,025,183 issued and outstanding at December 31, 2023 13 1 Class B common stock, $0.001 par value per share, 15,705,000 shares authorized, 1,484,005 shares issued and outstanding at September 30, 2024; 1,485,560 issued and outstanding at December 31, 2023 1 1 Additional paid-in capital 131,139 91,823 Stock subscription receivable -- (100) Accumulated deficit (105,525) (84,984) Accumulated other comprehensive loss (1) -- ----------- ---------- Total stockholders' equity 25,627 6,741 =========== ========== Total liabilities and stockholders' equity $ 29,909 $ 12,078 =========== ==========
  

• Press Release: Longeveron(R) Announces Third Quarter 2024 Financial Results and Provides Business Update, from 4:05PM ET on Tuesday Nov 12, 2024 by Dow Jones

  4:05PM ET on Tuesday Nov 12, 2024 by Dow Jones
  Companies Mentioned: LGVN