Exicure reports Q2 net loss $5.8M; cash down to $3.5M; going concern warning

EXICURE, INC.

2023-Q2 EPS reported -$1.38

Cash and equivalents $3.5M at June 30, 2023, down from $9.8M at Dec 31, 2022.
Net loss $5.8M for Q2 2023 vs $7.5M in Q2 2022; R&D spend fell to $0.9M.
Company halted R&D, exploring strategic alternatives; expects to fund ops only into Q4 2023.
Entered two $1M convertible-bond subscriptions with Cyworld Z (4.5% yield, due May 2026).
Management warns substantial additional financing needed within months; no assurance available.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

EXICURE, INC. reported the quarter ended June 30, 2023 results: net income $5.8 million.

Period: the quarter ended June 30, 2023
Net income: $5.8 million
Result: reported results

Exact text from the filing

The Company had a net loss of $5.8 million for the quarter ended June 30, 2023, as compared to a net loss of $7.5 million for the quarter ended June 30, 2022.

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EXICURE, INC. filing history →

Source: SEC EDGAR

accession 0001698530-23-000089

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