Overview
Exicure Q2 net loss widens to $2.6 mln from $0.6 mln yr ago
Company's cash position declines to $7.9 mln from $12.5 mln end of 2024
Exicure needs substantial financing to continue operations, per management
Outlook
Company needs substantial financing to continue operations
Exicure exploring strategic alternatives
Exicure uncertain about obtaining additional financing
Result Drivers
ACQUISITION IMPACT - Increased R&D and G&A expenses due to acquisition of GPCR Therapeutics USA Inc.
CASH DECLINE - Cash position fell to $7.9 mln from $12.5 mln at end of 2024
FINANCIAL NEEDS - Management states substantial financing needed to continue operations
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Net Income Before Tax | -$2.62 mln | ||
Q2 Net Income | -$2.62 mln | ||
Q2 Operating Expenses | $2.51 mln | ||
Q2 Operating Income | -$2.51 mln |
Press Release: ID:nBwbwQ1MGa
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)