How did Celcuity's expenses impact profits in Q4 2024?

Celcuity Inc.'s expenses had a significant impact on profits in Q4 2024, resulting in a quarterly adjusted loss of 85 cents per share, which was lower than the same quarter last year's EPS of -65 cents. The company's reported EPS for the quarter was a loss of 85 cents, with a reported quarterly loss of $36.65 million. The expenses were primarily due to the company's ongoing research and development costs, as well as the costs associated with running the business, which resulted in a negative impact on the company's profitability for the quarter.