We're Not Very Worried About Astria Therapeutics' (NASDAQ:ATXS) Cash Burn Rate [Yahoo! Finance]
Astria Therapeutics, Inc. (ATXS)
Company Research
Source: Yahoo! Finance
after listing, if you had bought and held the shares since 1999, you would have made a fortune. Nonetheless, only a fool would ignore the risk that a loss making company burns through its cash too quickly. So, the natural question for Astria Therapeutics NASDAQ:ATXS ) 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. Let's start with an examination of the business' cash, relative to its cash burn. See our latest analysis for Astria Therapeutics When Might Astria Therapeutics Run Out Of Money? A company's cash runway is calculated by dividing its cash hoard by its cash burn. As at March 2024, Astria Therapeutics had cash of US$370m and no debt. Looking at the last year, the company burnt through US$74m. That means it had a cash runway of about 5.0 years as of March 2024. There's no doubt that this i
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ATXS
News
- Astria Therapeutics: A Cash-Rich Entrant In An Increasingly Crowded Field [Seeking Alpha]Seeking Alpha
- Astria Therapeutics Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)Business Wire
- Astria Therapeutics to Present at Upcoming Jefferies Healthcare Conference [Yahoo! Finance]Yahoo! Finance
- Astria Therapeutics to Present at Upcoming Jefferies Healthcare ConferenceBusiness Wire
- Astria Therapeutics to Present at Upcoming Eastern Allergy Conference [Yahoo! Finance]Yahoo! Finance
ATXS
Earnings
- 5/9/24 - Miss
ATXS
Sec Filings
- 6/6/24 - Form 4
- 6/6/24 - Form 4
- 6/6/24 - Form 4
- ATXS's page on the SEC website