We're A Little Worried About Acurx Pharmaceuticals' (NASDAQ:ACXP) Cash Burn Rate [Yahoo! Finance]
Acurx Pharmaceuticals, Inc. (ACXP)
Company Research
Source: Yahoo! Finance
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. So, the natural question for Acurx Pharmaceuticals NASDAQ:ACXP ) shareholders is whether they should be concerned by its rate of cash burn. For the purposes of this article, cash burn is the annual rate at which an unprofitable company spends cash to fund its growth; its negative free cash flow. The first step is to compare its cash burn with its cash reserves, to give us its 'cash runway'. See our latest analysis for Acurx Pharmaceuticals When Might Acurx Pharmaceuticals Run Out Of Money? 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. As at June 2024, Acurx Pharmaceuticals had cash of US$6.4m and no debt. Importantly, its cash burn was US$12m over the trailing twelve months. So it had a cash runway of appro
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ACXP
News
- Acurx Pharmaceuticals files for secondary offering [Seeking Alpha]Seeking Alpha
- Acurx Pharmaceuticals, Inc. (NASDAQ: ACXP) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $12.00 price target on the stock.MarketBeat
- Acurx Pharmaceuticals, Inc. Announces Closing of $2.5 Million Registered Direct Offering Priced At-the-Market Under Nasdaq RulesPR Newswire
- Acurx Pharmaceuticals announces $2.5 million registered direct offering [Seeking Alpha]Seeking Alpha
- Acurx Pharmaceuticals, Inc. Announces $2.5 Million Registered Direct Offering Priced At-the-Market Under Nasdaq RulesPR Newswire
ACXP
Earnings
- 11/13/24 - Beat
ACXP
Sec Filings
- 2/7/25 - Form EFFECT
- 2/6/25 - Form 4
- 2/6/25 - Form 4
- ACXP's page on the SEC website