We're A Little Worried About Biomea Fusion's (NASDAQ:BMEA) Cash Burn Rate [Yahoo! Finance]
Biomea Fusion, Inc. (BMEA)
Company Research
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. So, the natural question for Biomea Fusion NASDAQ:BMEA ) shareholders is whether they should be concerned by its rate of cash burn. In this report, we will consider the company's annual negative free cash flow, henceforth referring to it as the 'cash burn'. Let's start with an examination of the business' cash, relative to its cash burn. See our latest analysis for Biomea Fusion A company's cash runway is calculated by dividing its cash hoard by its cash burn. As at September 2024, Biomea Fusion had cash of US$88m and no debt. Looking at the last year, the company burnt through US$113m. That means it had a cash runway of around 9 months as of September 2024. That's quite a short cash runway, indicating the company must either reduc
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BMEA
News
- Biomea Fusion, Inc. (NASDAQ: BMEA) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $40.00 price target on the stock.MarketBeat
- Late-Breaker Oral Presentation Showing New Analysis from the Escalation Portion of COVALENT-111 Presented at the 1st Annual Asian Conference on Innovative Therapies for Diabetes Management (ATTD-ASIA 2024) [Yahoo! Finance]Yahoo! Finance
- Late-Breaker Oral Presentation Showing New Analysis from the Escalation Portion of COVALENT-111 Presented at the 1st Annual Asian Conference on Innovative Therapies for Diabetes Management (ATTD-ASIA 2024)GlobeNewswire
- The Schall Law Firm Urges Shareholders With Losses To Join An Inquiry Into Biomea Fusion, Inc. For Securities Law Violations Accesswire
- Biomea Fusion Inc Is Being Investigated For Securities Fraud And Affected Investors Are Encouraged To Contact The Schall Law Firm Accesswire
BMEA
Earnings
- 7/31/24 - In-Line
BMEA
Sec Filings
- 11/12/24 - Form SC
- 10/31/24 - Form 8-K
- 10/29/24 - Form 10-Q
- BMEA's page on the SEC website