Here's Why We're Not Too Worried About IperionX's (ASX:IPX) Cash Burn Situation [Yahoo! Finance]
IperionX Limited (IPX)
Company Research
Source: Yahoo! Finance
Indeed, IperionX ASX:IPX ) stock is up 109% in the last year, providing strong gains for shareholders. 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 IperionX shareholders to consider whether its cash burn is concerning. 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 IperionX 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. IperionX has such a small amount of debt that we'll set it aside, and focus on the US$33m in cash it held at June 2024. In the last year, its cash burn was US$27m. That means it had a cash runway of around 15 months as of June 2024. Notably, a
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News
- ASX Growth Leaders With Strong Insider Ownership For November 2024 [Yahoo! Finance]Yahoo! Finance
- ASX Growth Companies Insiders Are Backing [Yahoo! Finance]Yahoo! Finance
- IperionX Limited (NASDAQ: IPX) is now covered by analysts at B. Riley. They set a "buy" rating and a $30.00 price target on the stock.MarketBeat
- 3 ASX Stocks Estimated To Be Trading Up To 39.8% Below Intrinsic Value [Yahoo! Finance]Yahoo! Finance
- ASX Value Stocks Trading Below Estimated Worth In October 2024 [Yahoo! Finance]Yahoo! Finance
IPX
Sec Filings
- 11/19/24 - Form 6-K
- 11/12/24 - Form 6-K
- 11/12/24 - Form SC
- IPX's page on the SEC website