Brief: Exicure Reports First Quarter 2022 Financial Results
16/05/2022 21:04
May 16 (Reuters) - Exicure Inc XCUR.O :
* EXICURE, INC. REPORTS FIRST QUARTER 2022 FINANCIAL RESULTS
AND
CORPORATE PROGRESS
* Q1 REVENUE $2.6 MILLION
* EXICURE - SEES CASH, CASH EQUIVALENTS, WITH EXPECTED $5.0
MILLION GROSS PROCEEDS FROM PIPE DEAL IN MAY 2022, TO ENABLE IT
TO FUND CURRENT OPERATIONS INTO Q1 2023
* EXICURE - BELIEVES THERE IS SUBSTANTIAL DOUBT ABOUT
ABILITY TO
CONTINUE AS GOING CONCERN WITHIN 1 YEAR AFTER FINANCIAL
STATEMENTS FOR QUARTER ENDED MARCH 31, 2022 ARE ISSUED
* WILL NEED SUBSTANTIAL ADDITIONAL FINANCING TO ADDRESS
WORKING
CAPITAL AND OTHER FINANCING NEEDS TO PURSUE ITS BUSINESS
STRATEGY
* QTRLY BASIC AND DILUTED LOSS PER COMMON SHARE $0.07
Source text for Eikon: ID:nBw7nWHgwa
Further company coverage: XCUR.O
((Reuters.Briefs@thomsonreuters.com;))
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