Cingulate (CING) Boosts Cash Position with $12.2 Million in Reserves

Mar 27, 2025

Cingulate (CING, Financial) reported a significant financial update, revealing a cash and cash equivalents balance of approximately $12.2 million as of December 31, 2024. This marks an impressive increase of $12.1 million from the previous year, ensuring a cash runway that extends into the fourth quarter of 2025. Additionally, the company's net loss for 2024 decreased to $15.5 million, a substantial improvement from the $23.5 million loss noted in 2023.

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