We Think Context Therapeutics (NASDAQ:CNTX) Can Afford To Drive Business Growth [Yahoo! Finance]
Context Therapeutics Inc. (CNTX)
Company Research
Source: Yahoo! Finance
Context Therapeutics NASDAQ:CNTX ) stock is up 121% in the last year, providing strong gains for shareholders. But the harsh reality is that very many loss making companies burn through all their cash and go bankrupt. Given its strong share price performance, we think it's worthwhile for Context Therapeutics shareholders to consider whether its cash burn is concerning. For the purpose of this article, we'll define cash burn as the amount of cash the company is spending each year to fund its growth (also called its negative free cash flow). The first step is to compare its cash burn with its cash reserves, to give us its 'cash runway'. How Long Is Context Therapeutics' 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. In June 2024, Context Therapeutics had US$102m in cash, and was debt-free. Importantly, its cash burn was US$18m over the trailing twelve months. So it had a cash runway of ab
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CNTX
News
- Context Therapeutics Reports Third Quarter 2024 Operating and Financial Results [Yahoo! Finance]Yahoo! Finance
- Context Therapeutics Reports Third Quarter 2024 Operating and Financial ResultsGlobeNewswire
- Context Therapeutics to Participate in Upcoming Investor Conferences in NovemberGlobeNewswire
- Context Therapeutics Announces Poster Presentation at the Society for Immunotherapy of Cancer’s (SITC) 39th Annual MeetingGlobeNewswire
- Context Therapeutics Inc. (NASDAQ: CNTX) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $6.00 price target on the stock.MarketBeat
CNTX
Sec Filings
- 11/15/24 - Form EFFECT
- 11/14/24 - Form SC
- 11/14/24 - Form SC
- CNTX's page on the SEC website