QNCX: the cashflow

MyFinsight

For the quarter ending 2025-09-30, QNCX had -$10,374K decrease in cash & cash equivalents over the period. -$10,002K in free cash flow.

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

Cash Flow	2025-09-30	2025-06-30
Net loss	-13,442	-31,079
Stock based compensation	1,255	2,659
Depreciation and amortization	36	67
Change in the fair value of contingent consideration liabilities	2,066	2,456
Change in fair value of debt, net	490	828
Fair value adjustment for warrants	-291	4,464
Non-cash goodwill and intangible asset impairment charge	0	0
Amortization of discount on available-for-sale investments	236	590
Prepaid expenses and other current assets	374	-588
Right of use assets, operating leases and operating lease liabilities	-27	-53
Other assets	486	121
Accounts payable	1,631	-1,417
Accrued expenses and other current liabilities	-604	1,076
Net cash used in operating activities	-9,928	-21,016
Purchase of investments	15,707	13,789
Proceeds from maturities of investments	14,000	31,000
Purchase of property and equipment	74	274
Net cash provided by investing activities	-1,781	16,937
Payment of contingent consideration	0	-
Proceeds from issuance of common stock, common warrants, and pre-funded warrants pursuant to private placement offering, net of issuance costs	0	11,426
Proceeds from issuance of common stock upon public offering, net of issuance costs	1,376	2,890
Proceeds from issuance of common stock upon exercise of stock options	0	183
Net cash provided by (used in) financing activities	1,376	14,499
Effect of exchange rate changes on cash	-41	194
Net increase (decrease) in cash and cash equivalents	-10,374	10,614
Cash and cash equivalents at beginning of period	6,212	-
Cash and cash equivalents at end of period	6,452	-

Unit: Thousand (K) dollars