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Celularity (CELU) investor relations material
Celularity Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Net revenues for Q2 2025 were $5.7M, down 53% year-over-year, mainly due to lower Biovance 3L sales, partially offset by higher Rebound sales and contract manufacturing revenue.
Operating loss for Q2 2025 was $15.9M, up from $10.2M in Q2 2024, driven by increased cost of revenues and other expenses.
The company continues to face substantial doubt about its ability to continue as a going concern due to recurring losses, negative cash flows, and upcoming debt maturities.
Recent financing activities included private placements and warrant modifications, but additional capital is still required to sustain operations.
Financial highlights
Q2 2025 net revenues: $5.7M (down 52.6% YoY); six months ended June 30, 2025: $17.2M (down 36% YoY).
Q2 2025 net loss: $24.5M; six months net loss: $44.3M.
Gross margin declined due to higher cost of revenues, including a $1.8M write-off of bulk material and $1.2M Rebound milestone accrual in Q2.
Cash and cash equivalents at June 30, 2025: $0.9M; accumulated deficit: $944M.
Outlook and guidance
The company expects continued operating losses and negative cash flows for the foreseeable future.
Additional funding is required to meet obligations and continue operations; failure to secure capital may result in curtailment or cessation of business.
Plans to expand the degenerative disease business and advance new biomaterial products, but progress is contingent on capital availability.
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