Exicure Q2 net loss widens, exploring strategic alternatives

Reuters
Aug 09
Exicure <a href="https://laohu8.com/S/QTWO">Q2</a> net loss widens, exploring strategic alternatives

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.)

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