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Exicure | 8-K: Exicure, Inc. Reports Second Quarter 2024 Financial Results

Exicure | 8-K: Exicure, Inc. Reports Second Quarter 2024 Financial Results

Exicure | 8-K:Exicure, Inc. 公佈2024年第二季度財務業績
美股SEC公告 ·  2024/08/13 13:24

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Exicure reported Q2 2024 financial results with cash and cash equivalents of $0.5M as of June 30, 2024, down from $0.8M at year-end 2023. The company's G&A expenses decreased to $1.2M from $5.6M YoY, while net loss improved to $0.6M compared to $5.8M in Q2 2023. The company generated $0.6M in other income from selling clinical product samples.Following its September 2022 restructuring, which included workforce reduction and suspension of all R&D activities, the company is actively exploring strategic alternatives to maximize stockholder value. Management emphasizes that current cash reserves are insufficient to sustain operations, and substantial additional financing is urgently needed in the very near term.The company's ability to further reduce costs is limited due to previous significant cost-cutting measures. There is no assurance that additional financing will be available or obtainable on acceptable terms, raising serious concerns about the company's ability to continue operations.
Exicure reported Q2 2024 financial results with cash and cash equivalents of $0.5M as of June 30, 2024, down from $0.8M at year-end 2023. The company's G&A expenses decreased to $1.2M from $5.6M YoY, while net loss improved to $0.6M compared to $5.8M in Q2 2023. The company generated $0.6M in other income from selling clinical product samples.Following its September 2022 restructuring, which included workforce reduction and suspension of all R&D activities, the company is actively exploring strategic alternatives to maximize stockholder value. Management emphasizes that current cash reserves are insufficient to sustain operations, and substantial additional financing is urgently needed in the very near term.The company's ability to further reduce costs is limited due to previous significant cost-cutting measures. There is no assurance that additional financing will be available or obtainable on acceptable terms, raising serious concerns about the company's ability to continue operations.
Exicure於2024年第二季度發佈財務報告,截至2024年6月30日,現金及現金等價物爲50萬美元,低於2023年年末的80萬美元。公司的管理費用同比減少至120萬美元,較去年同期的560萬美元大幅下降,而淨虧損改善至60萬美元,相比2023年第二季度的580萬美元有所減少。該公司通過銷售臨牀產品樣本產生了60萬美元的其他收入。在2022年9月進行的重組後,包括裁員和暫停所有研發活動,公司正積極探索戰略選擇,以最大化股東價值。管理層強調,當前的現金儲備不足以維持運營,迫切需要大量額外融資。由於之前採取了顯著的減成本措施,公司進一步降低成本的能力有限。沒有保證額外融資將可獲得或在可接受的條款下獲得,這引發了對公司持續運營能力的嚴重擔憂。
Exicure於2024年第二季度發佈財務報告,截至2024年6月30日,現金及現金等價物爲50萬美元,低於2023年年末的80萬美元。公司的管理費用同比減少至120萬美元,較去年同期的560萬美元大幅下降,而淨虧損改善至60萬美元,相比2023年第二季度的580萬美元有所減少。該公司通過銷售臨牀產品樣本產生了60萬美元的其他收入。在2022年9月進行的重組後,包括裁員和暫停所有研發活動,公司正積極探索戰略選擇,以最大化股東價值。管理層強調,當前的現金儲備不足以維持運營,迫切需要大量額外融資。由於之前採取了顯著的減成本措施,公司進一步降低成本的能力有限。沒有保證額外融資將可獲得或在可接受的條款下獲得,這引發了對公司持續運營能力的嚴重擔憂。
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