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 D. Boral Capital. They now have a $128.00 price target on the stock.MarketBeat
- Biomea Fusion Announces Positive Topline Results from Ongoing Phase II COVALENT-111 Study in Patients with Type 2 DiabetesGlobeNewswire
- Biomea Fusion to Host Conference Call to Announce Topline Results from Phase II COVALENT-111 Study in Patients with Type 2 Diabetes (T2D) [Yahoo! Finance]Yahoo! Finance
- Biomea Fusion to Host Conference Call to Announce Topline Results from Phase II COVALENT-111 Study in Patients with Type 2 Diabetes (T2D)GlobeNewswire
- 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
BMEA
Earnings
- 7/31/24 - In-Line
BMEA
Sec Filings
- 12/20/24 - Form 8-K
- 12/2/24 - Form 4
- 11/12/24 - Form SC
- BMEA's page on the SEC website