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Exicure | 10-Q: Q1 2024 Earnings Report

Exicure | 10-Q: Q1 2024 Earnings Report

Exicure | 10-Q:2024财年一季报
美股SEC公告 ·  2024/06/18 04:32

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Exicure reported Q1 2024 financial results, with revenue of $0.5 million from a patent license agreement and a net loss of $0.8 million, compared to a net loss of $4.4 million in Q1 2023. Cash and cash equivalents stood at $0.4 million as of March 31, 2024, down from $0.8 million at year-end 2023.The company continues to explore strategic alternatives after suspending all research and development activities. General and administrative expenses decreased 57% to $1.3 million, while research and development expenses were reduced to zero following the suspension of clinical programs. In February 2024, Exicure entered into a patent license agreement for its cavrotolimod asset in hepatitis treatment.Management expressed substantial doubt about the company's ability to continue as a going concern, citing the need for immediate additional funding. The company faces multiple Nasdaq listing compliance issues and received a delisting determination notice in May 2024, which it has appealed with a hearing scheduled for July 2024. Two promissory notes totaling $1 million were secured in May and June 2024 to provide short-term funding.
Exicure reported Q1 2024 financial results, with revenue of $0.5 million from a patent license agreement and a net loss of $0.8 million, compared to a net loss of $4.4 million in Q1 2023. Cash and cash equivalents stood at $0.4 million as of March 31, 2024, down from $0.8 million at year-end 2023.The company continues to explore strategic alternatives after suspending all research and development activities. General and administrative expenses decreased 57% to $1.3 million, while research and development expenses were reduced to zero following the suspension of clinical programs. In February 2024, Exicure entered into a patent license agreement for its cavrotolimod asset in hepatitis treatment.Management expressed substantial doubt about the company's ability to continue as a going concern, citing the need for immediate additional funding. The company faces multiple Nasdaq listing compliance issues and received a delisting determination notice in May 2024, which it has appealed with a hearing scheduled for July 2024. Two promissory notes totaling $1 million were secured in May and June 2024 to provide short-term funding.
生物技术公司Exicure报告称,2024年第一季度净亏损为829,000美元,相比2023年同期的440万美元净亏损显著改善。该季度该公司的营业收入为50万美元,与前年同期没有营业收入形成鲜明对比。这一收入来自于一项针对肝炎的专利许可协议。营业费用减少了71%,从2023年第一季度的450万美元降至130万美元,主要是由于在2022年9月宣布暂停研发活动和裁员。截至2024年3月31日,Exicure的现金及现金等价物为0.4万美元,较2023年年底的0.8万美元下降。该公司的财务状况仍然不稳定,存在重大疑虑,需要在短期内获得额外资金才能继续经营。Exicure正在积极探索战略替代方案,包括...展开全部
生物技术公司Exicure报告称,2024年第一季度净亏损为829,000美元,相比2023年同期的440万美元净亏损显著改善。该季度该公司的营业收入为50万美元,与前年同期没有营业收入形成鲜明对比。这一收入来自于一项针对肝炎的专利许可协议。营业费用减少了71%,从2023年第一季度的450万美元降至130万美元,主要是由于在2022年9月宣布暂停研发活动和裁员。截至2024年3月31日,Exicure的现金及现金等价物为0.4万美元,较2023年年底的0.8万美元下降。该公司的财务状况仍然不稳定,存在重大疑虑,需要在短期内获得额外资金才能继续经营。Exicure正在积极探索战略替代方案,包括潜在的合作伙伴和与其历史业务无关的交易。该公司还经历了与CBI USA及其附属公司DGP获得其普通股的重大变化。由于未遵守多个上市要求,包括最低买盘价和股东权益,Exicure面临着从纳斯达克摘牌的风险。该公司已经上诉摘牌决定,正在等待于2024年7月9日举行的听证会。
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