Here's Why We're A Bit Worried About Immuneering's (NASDAQ:IMRX) Cash Burn Situation [Yahoo! Finance]
Immuneering Corporation - Class A (IMRX)
Company Research
Source: Yahoo! Finance
So, the natural question for Immuneering NASDAQ:IMRX ) 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. Does Immuneering Have A Long Cash Runway? 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. In June 2024, Immuneering had US$60m in cash, and was debt-free. Importantly, its cash burn was US$51m over the trailing twelve months. So it had a cash runway of approximately 14 months from June 2024. While that cash runway isn't too concerning, sensible holders would be peering into the distance, and considering what happens if the company runs out of cash. The image below shows how its cash balance has been changing over the last few years. How Is Immuneering's Cash Burn Changin
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News
- Immuneering Leads The Pack Of 3 US Penny Stocks To Monitor [Yahoo! Finance]Yahoo! Finance
- Immuneering Co. (NASDAQ: IMRX) had its "buy" rating re-affirmed by analysts at Chardan Capital. They now have a $13.00 price target on the stock.MarketBeat
- Immuneering Co. (NASDAQ: IMRX) had its "buy" rating re-affirmed by analysts at Needham & Company LLC. They now have a $15.00 price target on the stock.MarketBeat
- Immuneering Reports Third Quarter 2024 Financial Results and Provides Business UpdatesGlobeNewswire
- Immuneering rises on orphan drug designation for treatment of pancreatic cancer [Seeking Alpha]Seeking Alpha
IMRX
Earnings
- 11/13/24 - Beat
IMRX
Sec Filings
- 11/14/24 - Form SC
- 11/14/24 - Form SC
- 11/13/24 - Form 10-Q
- IMRX's page on the SEC website