Exicure cash drops to $0.2M; warns going concern, needs funding imminently

EXICURE, INC.

Cash and equivalents fell from $8.6M (Dec 31, 2022) to $0.9M (Sep 30, 2023); further to ~$0.2M by Apr 30, 2024.
Net loss Q3 2023 was $5.3M, roughly flat vs $5.2M a year ago; R&D expense fell to $0 after halting all programs.
Company states cash insufficient to fund operations; substantial additional financing needed in very near term.
No revenue or pipeline activity; exploring strategic alternatives to maximize stockholder value.
Going-concern warning: management believes existing cash cannot sustain operations without immediate funding.

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 third quarter 2023 results: net income Net loss of $5.3 million.

Period: third quarter 2023
Net income: Net loss of $5.3 million
Result: reported results

Exact text from the filing

Exicure, Inc. Reports Third Quarter 2023 Financial Results

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EXICURE, INC. filing history →

Source: SEC EDGAR

accession 0001698530-24-000029

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