We Think Arcellx (NASDAQ:ACLX) Can Easily Afford To Drive Business Growth [Yahoo! Finance]
Arcellx, Inc. (ACLX)
Company Research
Source: Yahoo! Finance
For example, biotech and mining exploration companies often lose money for years before finding success with a new treatment or mineral discovery. But the harsh reality is that very many loss making companies burn through all their cash and go bankrupt. Given this risk, we thought we'd take a look at whether Arcellx NASDAQ:ACLX ) shareholders should be worried about its cash burn. In this report, we will consider the company's annual negative free cash flow, henceforth referring to it as the 'cash burn'. Let's start with an examination of the business' cash, relative to its cash burn. View our latest analysis for Arcellx How Long Is Arcellx's Cash Runway? You can calculate a company's cash runway by dividing the amount of cash it has by the rate at which it is spending that cash. When Arcellx last reported its March 2024 balance sheet in May 2024, it had zero debt and cash worth US$574m. In the last year, its cash burn was US$33m. So it had a very long cash runway of many year
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ACLX
News
- Arcellx's Anito-Cel: Compelling Opportunity As Potential Best-In-Class CAR-T Therapy For Multiple Myeloma [Seeking Alpha]Seeking Alpha
- Arcellx, Inc. (NASDAQ: ACLX) had its "overweight" rating re-affirmed by analysts at Cantor Fitzgerald.MarketBeat
- Arcellx, Inc. (NASDAQ: ACLX) is now covered by analysts at Cantor Fitzgerald. They set an "overweight" rating on the stock.MarketBeat
- Arcellx, Inc. (NASDAQ: ACLX) had its "buy" rating re-affirmed by analysts at Needham & Company LLC. They now have a $81.00 price target on the stock.MarketBeat
- Arcellx, Inc. (ACLX) Reports Q2 Loss, Misses Revenue Estimates [Yahoo! Finance]Yahoo! Finance
ACLX
Earnings
- 8/8/24 - Beat
ACLX
Sec Filings
- 9/17/24 - Form 4
- 9/17/24 - Form 144
- 9/12/24 - Form 4
- ACLX's page on the SEC website