Is HeartBeam (NASDAQ:BEAT) In A Good Position To Invest In Growth? [Yahoo! Finance]
Heartbeam, Inc. (BEAT)
Last heartbeam, inc. earnings: 2/26 04:05 pm
Check Earnings Report
US:NASDAQ Investor Relations:
gobio.com/investors/news-releases
Company Research
Source: Yahoo! Finance
So, the natural question for HeartBeam NASDAQ:BEAT ) 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. First, we'll determine its cash runway by comparing its cash burn with its cash reserves. How Long Is HeartBeam's Cash Runway? 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 HeartBeam last reported its June 2024 balance sheet in August 2024, it had zero debt and cash worth US$9.2m. Looking at the last year, the company burnt through US$12m. That means it had a cash runway of around 9 months as of June 2024. To be frank, this kind of short runway puts us on edge, as it indicates the company must reduce its cash burn significantly, or else raise cash imminently. Depicted below, you can see how its cash holdings have chan
Show less
Read more
Impact Snapshot
Event Time:
BEAT
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
BEAT alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
BEAT alerts
High impacting Heartbeam, Inc. news events
Weekly update
A roundup of the hottest topics
BEAT
News
- HeartBeam Announces Positive Data from Two Studies at Prestigious American Heart Association Conference [Yahoo! Finance]Yahoo! Finance
- HeartBeam Announces Positive Data from Two Studies at Prestigious American Heart Association ConferenceBusiness Wire
- HeartBeam Inc (BEAT) Q3 2024 Earnings Call Highlights: Navigating Financial Challenges and ... [Yahoo! Finance]Yahoo! Finance
- HeartBeam Reports Third Quarter 2024 ResultsBusiness Wire
- HeartBeam to Host Third Quarter 2024 Results Conference Call on Thursday, November 7, 2024 at 4:30 p.m. Eastern Time [Yahoo! Finance]Yahoo! Finance
BEAT
Sec Filings
- 11/7/24 - Form 10-Q
- 10/23/24 - Form 8-K
- 9/20/24 - Form 3
- BEAT's page on the SEC website