IGM Biosciences (NASDAQ:IGMS) Is In A Good Position To Deliver On Growth Plans [Yahoo! Finance]
IGM Biosciences, Inc. (IGMS)
Last igm biosciences, inc. earnings: 3/26 04:05 pm
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Source: Yahoo! Finance
done very well over the last year, with the share price soaring by 181%. Having said that, unprofitable companies are risky because they could potentially burn through all their cash and become distressed. Given its strong share price performance, we think it's worthwhile for IGM Biosciences shareholders to consider whether its cash burn is concerning. In this article, we define cash burn as its annual (negative) free cash flow, which is the amount of money a company spends each year to fund its growth. Let's start with an examination of the business' cash, relative to its cash burn. View our latest analysis for IGM Biosciences 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 IGM Biosciences last reported its June 2024 balance sheet in August 2024, it had zero debt and cash worth US$256m. Importantly, its cash burn was US$176m over the trailing twelve months. That means it had a cash runway of aroun
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IGMS
News
- IGM Biosciences, Inc. (NASDAQ: IGMS) had its price target raised by analysts at Stifel Nicolaus from $25.00 to $27.00. They now have a "buy" rating on the stock.MarketBeat
- IGM Biosciences GAAP EPS of -$1.01 misses by $0.19, revenue of $0.52M beats by $0.28M [Seeking Alpha]Seeking Alpha
- IGM Biosciences Announces Third Quarter 2024 Financial Results and Provides Corporate UpdateGlobeNewswire
- Medivir AB (OSTO:MVIR) Q3 2024 Earnings Call Highlights: Strategic Collaborations and Financial ... [Yahoo! Finance]Yahoo! Finance
- IGM Biosciences to Present at Three Upcoming Investor ConferencesGlobeNewswire
IGMS
Earnings
- 11/8/24 - Miss
IGMS
Sec Filings
- 11/20/24 - Form 4
- 11/14/24 - Form SC
- 11/12/24 - Form 4
- IGMS's page on the SEC website