EXICURE INC
For the period ended Mar 31, 2025. Filed Jun 27, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed Jun 27, 2025
XCUR$1.08+21.3%Stored close · as of Nov 10, 2026
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Unaudited Condensed Consolidated Statements of Cash Flows
(in thousands)
| Three Months Ended March 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash flows from operating activities: | ||
| Net income (loss) | $3,010 | $(829) |
| Adjustments to reconcile net income (loss) to cash used in operating activities: | ||
| Depreciation and amortization | 61 | 7 |
| Equity-based compensation | — | 5 |
| Amortization of right-of-use asset | 47 | 194 |
| Change in fair value of contingent consideration | 136 | — |
| Gain on early lease termination | (5,974) | — |
| Gain on settlement of accounts payables | (191) | — |
| Loss on disposal of assets | 26 | — |
| Changes in operating assets and liabilities: | ||
| Other receivable | 1,339 | — |
| Prepaid expenses and other current assets | 59 | 218 |
| Accounts payable | (427) | 194 |
| Accrued expenses | 316 | (43) |
| Other liabilities | — | (196) |
| Net cash used in operating activities | (1,598) | (450) |
| Cash flows from investing activities: | ||
| Acquisition of GPCR Therapeutics USA Inc. | (2,090) | — |
| Net cash used in investing activities | (2,090) | — |
| Cash flows from financing activities: | ||
| Proceeds from common stock offering | 1,600 | — |
| Net cash provided by provided by financing activities | 1,600 | — |
| Net decrease in cash, cash equivalents, and restricted cash | (2,088) | (450) |
| Cash, cash equivalents, and restricted cash - beginning of period | 12,508 | 2,016 |
| Cash, cash equivalents, and restricted cash - end of period | $10,420 | $1,566 |
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (continued)
(in thousands)
| Three Months Ended March 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Supplemental disclosure of cash flow information | ||
| Non-cash investing activities: | ||
| Reclass prepaid expenses from noncurrent to current | $107 | $— |
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