Exicure reports Q1 net income of $3.0M on lease gain; warns cash insufficient for operations

EXICURE, INC.

Cash and equivalents $10.4M (Dec 2024: $12.5M); net income $3.0M vs loss $0.8M YoY.
Net income driven by $6M gain from early Chicago lease termination; reversed lease liability.
R&D expense $0.8M (prior year $0) and G&A $2.2M ($1.3M) due to GPCR USA acquisition costs.
Going concern: existing cash not sufficient to fund operations; additional financing needed short-term.
Company engaged in cost cuts but limited ability to extend runway further.

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