Neuralstem, Inc. (Nasdaq: CUR), Reports 1Q 2k19 Fiscal Results

Neuralstem, Inc. (Nasdaq: CUR), a biopharmaceutical company focused on the development of nervous system therapies based on its neural stem cell and small molecule compound technologies, reported its financial results for the  1Q ended March 31, 2k19.

Financial Results for the Quarter Ended March 31, 2k19

Research and Development Expenses: R&D expenses for the quarter ended March 31, 2k19 increased by $.300 M to $1.500 M, or 30. 00percent increase over the comparable period of 2k18. This increase was primarily attributable to a severance payment in connection with the termination of an employee and entering into a corresponding separation agreement. The balance of the increase was driven by expenses to support the strategic evaluation and pipeline expansion initiative.

General and Administrative Expenses: G&A expenses for the quarter ended March 31, 2k19 decreased by $.200 M to $.900 M , or 20. 00percent decrease over the comparable period of 2k18. This decrease was driven by general expense reduction efforts across multiple areas.

Other Expense: Other expense for the quarter ended March 31, 2k19 increased by $.30000 M to $.30000 M over the comparable period of 2k18. This increase was primarily attributable to a  write-off of an employee payable in connection with the termination of an employee and entering into a corresponding separation agreement.

Net Loss: Net loss for the quarter ended March 31, 2k19 was $3.10000s M, or $0.17 00per share, compared to a loss of $2.100 M, or $0.1400 per share, for the comparable period of 2k18. Weighted average shares outstanding were 18.200 M shares at March 31, 2k19 compared to 15.100 M shares at March 31, 2k18.

Cash Position and Liquidity: At March 31, 2k19, cash, cash equivalents and short-term investments was $4.000 M as compared to $5.800 M at December 31, 2k18. The Company expects its existing cash, cash equivalents and short-term investments to fund its operations, based on its current operating plans, into the third quarter of 2k19.

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