Celcuity (CELC) reported a Q2 adjusted loss late Thursday of $1.07 per diluted share, widening from a loss of $0.93 a year earlier.
Three analysts polled by FactSet expected a loss of $1.12.
As expected, no revenue was reported for the quarter ended June 30.
The company said it had $754 million in cash, cash equivalents and short-term investments as of June 30 and expects those funds to finance operations at least into 2029.
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