How did Longeveron's revenue and expenses shift in Q4 2024?

Longeveron's financial performance in Q4 2024 was characterized by a significant revenue achievement accompanied by substantial expenses, resulting in a negative net income.

1. **Revenue Achievement**: Longeveron recorded a total revenue of $603,000 for the quarter. This indicates the company's ability to generate income from its operations during this period.

|code|Ticker|Name|Date|Total Revenue|Total Expenses|Net Income|market_code|
|---|---|---|---|---|---|---|---|
|LGVN|LGVN.O|Longeveron|2024 Q1|548000||-4058000|186|
|LGVN|LGVN.O|Longeveron|2024 Q2|468000||-3413000|186|
|LGVN|LGVN.O|Longeveron|2024 Q3|773000||-4419000|186|
|LGVN|LGVN.O|Longeveron|2024 Q4|603000||-4081000|186|

2. **Expense Management**: The total expenses for Longeveron in Q4 2024 were -$4.08 million. This figure is considerably higher than the revenue, suggesting that the company faced significant challenges in managing its costs effectively during the quarter.
3. **Net Income**: The negative net income of -$4.08 million reflects the company's financial loss for the quarter. This is a result of the high expenses exceeding the revenue generated, indicating a need for Longeveron to focus on cost reduction and efficiency improvements to achieve financial sustainability.

In conclusion, Longeveron's Q4 2024 financials show a company that has generated revenue but struggled with high expenses, leading to a substantial financial loss.