Here's Why We're Watching Chimerix's (NASDAQ:CMRX) Cash Burn Situation [Yahoo! Finance]
Chimerix, Inc. (CMRX)
Last chimerix, inc. earnings: 2/25 07:00 am
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US:NASDAQ Investor Relations:
ir.chimerix.com/investor-relations
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Source: Yahoo! Finance
Given this risk, we thought we'd take a look at whether Chimerix NASDAQ:CMRX ) shareholders should 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. The first step is to compare its cash burn with its cash reserves, to give us its 'cash runway'. Does Chimerix Have A Long Cash Runway? You can calculate a company's cash runway by dividing the amount of cash it has by the rate at which it is spending that cash. When Chimerix last reported its June 2024 balance sheet in August 2024, it had zero debt and cash worth US$148m. Importantly, its cash burn was US$68m over the trailing twelve months. So it had a cash runway of about 2.2 years from June 2024. Notably, analysts forecast that Chimerix will break even (at a free cash flow level) in about 3 years. Essentially, that means the company will either reduce its cash burn, or else require more cash.
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News
- Chimerix, Inc. (NASDAQ: CMRX) had its "outperform" rating re-affirmed by analysts at Wedbush. They now have a $6.00 price target on the stock.MarketBeat
- Chimerix, Inc. (NASDAQ: CMRX) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $11.00 price target on the stock.MarketBeat
- Chimerix Announces Updated Phase 2 Response Assessment of Dordaviprone in Recurrent H3 K27M Glioma at the 2024 SNO MeetingGlobeNewswire
- Chimerix Third Quarter 2024 Earnings: Misses Expectations [Yahoo! Finance]Yahoo! Finance
- Chimerix Inc (CMRX) Q3 2024 Earnings Call Highlights: Strategic Advancements Amid Financial ... [Yahoo! Finance]Yahoo! Finance
CMRX
Earnings
- 11/7/24 - Miss
CMRX
Sec Filings
- 11/14/24 - Form 8-K
- 11/7/24 - Form 10-Q
- 11/7/24 - Form 8-K
- CMRX's page on the SEC website