CLSN - Celsion posts Q1 results provides cash position update

Celsion (CLSN) shares rise more than 4% during premarket trading after the company posted first-quarter results and talked up its cash position, predicting its capital on hand to fund operations into 2024.Reported a quarterly net loss of $5.7M, or ($0.09) per share, compared with a net loss of $5.1M, or $0.20 per share, for the year-ago quarter.Revenue in the quarter was $0.13M, the same as in the prior-year period.General and administrative expenses were $2.9M, compared with $1.8M last year. The company had $54.6M in cash and cash equivalents, short-term investments and a receivable on the sale of NOLs as of March 31, 2021.Net cash used for operating activities was $4.7M for the first quarter of 2021, compared with $5M for the comparable prior-year period.Previously (May 14): Celsion reports Q1 results.

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Celsion posts Q1 results, provides cash position update