Anavex Life Sciences (NASDAQ:AVXL) Is In A Good Position To Deliver On Growth Plans [Yahoo! Finance]
Anavex Life Sciences Corp. (AVXL)
NASDAQ:AMEX Investor Relations:
anavex.com/share-data
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 should Anavex Life Sciences NASDAQ:AVXL ) shareholders 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. First, we'll determine its cash runway by comparing its cash burn with its cash reserves. Check out our latest analysis for Anavex Life Sciences Does Anavex Life Sciences Have A Long Cash Runway? A cash runway is defined as the length of time it would take a company to run out of money if it kept spending at its current rate of cash burn. In March 2024, Anavex Life Sciences had US$139m in cash, and was debt-free. Looking at the last year, the company burnt through US$32m. So it had a cash runway of about 4.3 years from March 2024. A
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AVXL
News
- Anavex Life Sciences to Present at the H.C. Wainwright 5th Annual Neuro Perspectives Virtual Conference [Yahoo! Finance]Yahoo! Finance
- Anavex Life Sciences to Present at the H.C. Wainwright 5th Annual Neuro Perspectives Virtual ConferenceGlobeNewswire
- Anavex Life Sciences Corp. (NASDAQ: AVXL) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $40.00 price target on the stock.MarketBeat
- Anavex Life Sciences Announces Expansion of Leadership Team [Yahoo! Finance]Yahoo! Finance
- Anavex Life Sciences Announces Expansion of Leadership TeamGlobeNewswire
AVXL
Earnings
- 5/9/24 - In-Line
AVXL
Sec Filings
- 6/17/24 - Form 4
- 5/17/24 - Form 4
- 5/9/24 - Form 10-Q
- AVXL's page on the SEC website