Can Allakos (NASDAQ:ALLK) Afford To Invest In Growth? [Yahoo! Finance]
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Allakos Inc. (ALLK)
Last allakos inc. earnings: 11/12 04:01 pm
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US:NASDAQ Investor Relations:
investor.allakos.com/investor-relations
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Source: Yahoo! Finance
lost money for years while it grew recurring revenue, if you held shares since 2005, you'd have done very well indeed. Having said that, unprofitable companies are risky because they could potentially burn through all their cash and become distressed. Given this risk, we thought we'd take a look at whether Allakos NASDAQ:ALLK ) shareholders should be worried about its 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'. Check out our latest analysis for Allakos When Might Allakos Run Out Of Money? A company's cash runway is the amount of time it would take to burn through its cash reserves at its current cash burn rate. When Allakos last reported its March 2024 balance sheet in May 2024, it had zero debt and cash worth US$139m. Looking at the last year, the company bur
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ALLK
News
- AN2 slashes staff by 50% after lead antibiotic flunks in Phase II/III trial [Yahoo! Finance]Yahoo! Finance
- Allakos Provides Business Update and Reports Second Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- Allakos Provides Business Update and Reports Second Quarter 2024 Financial ResultsGlobeNewswire
- Allakos Inc. (NASDAQ: ALLK) had its price target lowered by analysts at Jefferies Financial Group Inc. from $1.50 to $1.00. They now have a "hold" rating on the stock.MarketBeat
- The Schall Law Firm Begins Probe Into Claims Against Allakos Inc And Urges Affected Investors To ParticipateAccesswire
ALLK
Earnings
- 5/9/24 - Miss
ALLK
Sec Filings
- 9/6/24 - Form 144
- 9/6/24 - Form 144
- 8/16/24 - Form 8-K
- ALLK's page on the SEC website