Celcuity Inc. Schedules Release of Fourth Quarter and Full Year 2024 Financial Results and Webcast/Conference Call
MINNEAPOLIS, March 24, 2025 (GLOBE NEWSWIRE) -- Celcuity Inc. (Nasdaq: CELC), a clinical-stage biotechnology company pursuing development of targeted therapies for oncology, today announced that it will release its financial results for the fourth quarter and full year 2024 after the market closes on Monday, March 31, 2025. Management will host a webcast/teleconference the same day at 4:30 p.m. Eastern Time to discuss the results and provide a corporate update.
Webcast and Conference Call Information
To participate in the teleconference, domestic callers should dial 1-800-717-1738 and international callers should dial 1-646-307-1865. A live webcast presentation can also be accessed using this weblink: https://viavid.webcasts.com/starthere.jsp?ei=1704367&tp_key=f99d4186f3. A replay of the webcast will be available on the Celcuity website following the live event.
About Celcuity
Celcuity is a clinical-stage biotechnology company focused on development of targeted therapies for treatment of multiple solid tumor indications. The company's lead therapeutic candidate is gedatolisib, a potent, pan-PI3K and mTOR inhibitor. Its mechanism of action and pharmacokinetic properties are differentiated from other currently approved and investigational therapies that target PI3K or mTOR alone or together. A Phase 3 clinical trial, VIKTORIA-1, evaluating gedatolisib in combination with fulvestrant with or without palbociclib in patients with HR+/HER2- advanced breast cancer is currently enrolling patients. More detailed information about the VIKTORIA-1 study can be found at ClinicalTrials.gov. A Phase 1b/2 clinical trial, CELC-G-201, evaluating gedatolisib in combination with darolutamide in patients with metastatic castration resistant prostate cancer, is ongoing. A Phase 3 clinical trial, VIKTORIA-2, evaluating gedatolisib plus a CDK4/6 inhibitor and fulvestrant as first-line treatment for patients with HR+/HER2- advanced breast cancer is expected to begin enrolling patients in the second quarter of 2025. Celcuity is headquartered in Minneapolis. Further information about Celcuity can be found at www.celcuity.com. Follow us on LinkedIn and Twitter.
View source version of release on GlobeNewswire.com
Contacts:
Celcuity Inc. Brian Sullivan, bsullivan@celcuity.com Vicky Hahne, vhahne@celcuity.com (763) 392-0123
ICR HealthcarePatti Bank, patti.bank@icrhealthcare.com(415) 513-1284
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
10 minutes ago
- Yahoo
Ethereum Treasury Firm SharpLink Gaming Plunges 70% – But There May Be a Twist
SharpLink Gaming (SBET), a Nasdaq-listed company that is pursuing an ether ETH treasury strategy, tumbled 70% on Thursday in after-hours trading following a fresh filing to the U.S. Securities and Exchange Commission. The company submitted an S-3ASR registration statement, enabling the resale of up to 58,699,760 shares related to its private investment in public equity (PIPE) financing. The Thursday filing allows more than 100 shareholders in the PIPE round to sell their shares, effectively flooding the market and triggering a post-close sell-off, Charles Allen, CEO of BTCS, a publicly-traded firm that's pursuing crypto reserve strategy, explained in an X post and an interview with CoinDesk. The company raised $450 million earlier this month through a PIPE round from a wide range of investors, including ConsenSys, Galaxy, and Pantera Capital, to acquire ETH for its treasury. Ethereum co-founder and ConsenSys CEO Joseph Lubin also joined the firm as board chairman. However, there may be a larger strategy behind the latest move. Allen said in an X post that he thinks the company may have quietly raised up to $1 billion to buy more ETH using an at-the-market (ATM) offering that was previously announced in a May 30 SEC filing. "If they played cards right, they would expect a surprise PR tomorrow with $1B of ETH purchases, which could light the match to reignite the stock," he said. ETH is down 4.1% over the past 24 hours at around $2,650 as bitcoin and the broader crypto markets slid.
Yahoo
an hour ago
- Yahoo
Hooker Furnishings Corp (HOFT) Q1 2026 Earnings Call Highlights: Navigating Challenges with ...
Consolidated Net Sales: $85.3 million, a decrease of $8.3 million or 8.8% compared to the same period last year. Operating Loss: Reduced by $1.6 million or 31% to $3.6 million. Operating Expenses: Reduced by $2.2 million despite $523,000 in restructuring costs. Gross Margin Improvement: Increased by 190 basis points. Net Loss: $3.1 million or $0.29 per diluted share, improved from the prior year's net loss of $4.1 million or $0.39 per diluted share. Hooker Branded Segment: Achieved breakeven for the quarter. Domestic Upholstery Segment: Operating losses reduced by 55%. Home Meridian Segment: Operating losses reduced by 17%. Cash and Cash Equivalents: $18 million, an increase of $11.7 million from year-end. Inventory Levels: Decreased from about $71 million at year-end to about $64 million at quarter end. Available Borrowing Capacity: About $40 million under revolving credit facility as of quarter end. Cost Reduction Strategy: Aimed at achieving approximately $25 million in annualized savings by next fiscal year. Vietnam Warehouse: Opened a new facility to enhance supply chain efficiency and reduce lead times from about six months to four to six weeks. Warning! GuruFocus has detected 3 Warning Signs with HOFT. Release Date: June 12, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Hooker Furnishings Corp (NASDAQ:HOFT) reduced its operating loss by $1.6 million or 31% compared to the previous year, reflecting successful cost reduction initiatives. The company improved gross margins by 190 basis points, driven by better margins at Home Meridian and Domestic Upholstery. Hooker Branded achieved breakeven for the quarter, and Domestic Upholstery and Home Meridian significantly reduced their operating losses by 55% and 17%, respectively. The new Vietnam warehouse is expected to enhance supply chain efficiency, reducing lead times from about six months to four to six weeks, with positive initial customer feedback. The company anticipates achieving approximately $25 million in annualized savings by the next fiscal year through its multipronged cost reduction strategy. Consolidated net sales decreased by $8.3 million or 8.8% compared to the same period last year, primarily due to a double-digit sales decrease at Home Meridian. The home furnishings industry is facing challenges due to persistent softness in the housing market, higher mortgage rates, and declining consumer sentiment. Import tariffs have sharply curtailed demand in the mid-price segment, impacting Home Meridian's sales. The company recorded a net loss of $3.1 million or $0.29 per diluted share, although this was an improvement from the prior year's first quarter. Uncertainties around import tariffs, particularly for products sourced from Vietnam, continue to create significant uncertainty and impact consumer confidence. Q: Can you comment on the cadence of shipments from February through April, particularly after Liberation Day? A: The cadence changed drastically due to tariffs, affecting the HMI customer more than the Hooker Branded and Domestic Upholstery side of our business. - Jeremy Hoff, CEO Q: What drove the higher orders at Hooker Legacy brands in May, and any updates on HMI since April? A: The increase is due to our broadened merchandising strategy with collected living, which is starting to show positive effects. For HMI, there's still significant uncertainty due to tariffs, particularly with the upcoming July 9 date. - Jeremy Hoff, CEO Q: How will the cost savings initiatives progress for the rest of the year? A: We expect about $2.5 million less in costs compared to last year due to Phase 1. Phase 2 initiatives will have a $250,000 positive impact in Q2, with significant savings expected in Q4, around $3.5 million. - Earl Armstrong, CFO Q: What are your capital allocation priorities after dividends and debt? Could there be share buybacks? A: Strengthening the balance sheet is our top priority, followed by dividends. We have no current plans for share buybacks. - Jeremy Hoff, CEO Q: Do you expect the strong May performance to continue throughout the year, and how will seasonality affect revenue? A: Historically, the second half is stronger than the first. While May was strong, it's uncertain if this momentum will continue throughout the year. - Jeremy Hoff, CEO For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Yahoo
an hour ago
- Yahoo
Nano Dimension Ltd (NNDM) Q1 2025 Earnings Call Highlights: Strategic Moves and Financial ...
Total Revenue: $14.4 million, representing an 8% growth from Q1 2024. Adjusted Gross Margin: 43.8%, down from 49.8% in Q1 2024. Operating Expenses (OpEx): Declined to $14 million from $25.3 million in Q1 2024. Adjusted EBITDA Loss: $9 million, compared to a loss of $13.6 million in Q1 2024. Cash, Cash Equivalents, and Investable Securities: $840 million as of March 31. Annual Operating Expense Savings: Forecasted to save around $20 million due to product discontinuations. Warning! GuruFocus has detected 2 Warning Sign with NNDM. Release Date: June 12, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Nano Dimension Ltd (NASDAQ:NNDM) reported an 8% revenue growth from Q1 2024, reaching $14.4 million despite macroeconomic challenges. Operational expenses, net of one-time expenses, declined significantly to $14 million in Q1 2025 from $25.3 million in Q1 2024, reflecting effective cost control measures. The company achieved a reduction in adjusted EBITDA loss to $9 million in Q1 2025 from $13.6 million in Q1 2024, indicating improved financial management. Cash, cash equivalents, and investable securities stood at $840 million as of March 31, 2025, providing a strong liquidity position. Strategic decisions, including the discontinuation of non-strategic products, are expected to save around $20 million annually in operating expenses. Adjusted gross margin decreased to 43.8% in Q1 2025 from 49.8% in Q1 2024, impacted by the discontinuation of non-strategic assets. The company did not provide specific guidance on future cost structure or cash burn rates due to ongoing strategic evaluations. The integration of recent acquisitions, such as Markforged and Desktop Metal, remains a complex process with ongoing independent assessments. There is uncertainty surrounding the strategic direction and financial obligations related to the acquisition of Desktop Metal. Despite improvements, the company still reported an adjusted EBITDA loss, indicating ongoing challenges in achieving profitability. Q: Can you provide any details on the strategic overview of Desktop Metal and the responsibility for their convertible? A: Ofir Baharav, CEO: We have previously elaborated on Desktop Metal and the convertible. We are meeting our obligations to Desktop Metal, which is currently managed by an independent management team, financial advisers, and Board. They will make the best decisions for Desktop Metal. Q: Can you provide insights into the cost structure and cash burn rates for the combined business model of Nano Dimension and Markforged over the next 6 to 12 months? A: Assaf Zipori, CFO: We are not providing guidance at this time as we evaluate strategic alternatives for Desktop Metal and work through the integration of Markforged. We are disciplined in managing expenses and cash burn, as reflected in our improved Q1 OpEx. We will continue to control operational expenses and cash. Q: What are the key strategic decisions made recently, and how do they impact the company's operations? A: Julien Lederman, CBO: We have discontinued several products that did not deliver sufficient ROI, saving around $20 million annually. This reflects our ability to make impactful decisions quickly. We are focused on product rationalization and operating model optimization to ensure competitive advantage and high margins. Q: How is Nano Dimension approaching post-merger integration with Markforged? A: Ofir Baharav, CEO: We are focused on product rationalization and operating model optimization. We aim to ensure our solutions have a competitive advantage and deliver ROI. We are reducing expenses, breaking down silos, and creating a flatter organization to innovate and deliver value efficiently. Q: What are the strategic foundations of Markforged that Nano Dimension is building upon? A: Ofir Baharav, CEO: Markforged has a leading software platform, FFF technology adopted on factory floors, and a metal binder jetting solution for high-performance metal parts. We are shifting to strategic sales and reducing operating expenses to enhance these strengths. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
