---
schema_version: "secwatch.filing_event.v1"
accession: "0001698530-23-000078"
form_type: "8-K"
ticker: "XCUR"
cik: "0001698530"
company_name: "EXICURE, INC."
filed_at: "2023-07-14T23:59:59+00:00"
generated_at: "2026-06-13T08:14:49.954158+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Exicure reports Q1 net loss of $4.4M; cash runway to Q4 2023; needs near-term financing

## Summary
- Net loss $4.4M vs $8.3M YoY; R&D spend dropped to $2.0M from $7.1M after halting all R&D.
- Cash $11.2M at March 31, 2023; expects to fund operations into Q4 2023; seeks capital in Q3 2023.
- Closed September 2022 PIPE with $5.44M gross; CBI USA now owns ~50.4% of outstanding shares.
- Purchased $2M in convertible bonds of Cyworld Z (two $1M subscriptions) maturing May 2026 at 4.5% yield.
- Going concern: substantial doubt; limited ability to cut costs; financing needed within months.

## SEC filing metadata
- accession: 0001698530-23-000078
- form_type: 8-K
- ticker: XCUR
- cik: 0001698530
- company_name: EXICURE, INC.
- filed_at: 2023-07-14T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1698530/000169853023000078/0001698530-23-000078-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1698530/000169853023000078/xcur-20230714.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001698530-23-000078
- JSON: https://secwatch.observer/filing/0001698530-23-000078.json
- Plain text: https://secwatch.observer/filing/0001698530-23-000078.txt

## Key facts
- Earnings Releases
  EXICURE, INC. reported the quarter ended March 31, 2023 results: net income $4.4 million.
  - Period: the quarter ended March 31, 2023
  - Net income: $4.4 million
  - Result: reported results
  source text: Net Loss: The Company had a net loss of $4.4 million for the quarter ended March 31, 2023, as compared to a net loss of $8.3 million for the quarter ended March 31, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1698530/000169853023000078/0001698530-23-000078-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.