We Think Kodiak Sciences (NASDAQ:KOD) Needs To Drive Business Growth Carefully [Yahoo! Finance]
Kodiak Sciences Inc (KOD)
Last kodiak sciences inc earnings: 11/12 05:30 am
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Source: Yahoo! Finance
Given this risk, we thought we'd take a look at whether Kodiak Sciences NASDAQ:KOD ) 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. We'll start by comparing its cash burn with its cash reserves in order to calculate its cash runway. How Long Is Kodiak Sciences' 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. When Kodiak Sciences last reported its June 2024 balance sheet in August 2024, it had zero debt and cash worth US$219m. In the last year, its cash burn was US$159m. So it had a cash runway of approximately 17 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. Depicted below, you can see how its cash
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KOD
News
- Kodiak Sciences to Host Investor R&D Day on September 23, 2024 in New York CityPR Newswire
- Kodiak Sciences Inc. (NASDAQ: KOD) is now covered by analysts at HC Wainwright. They set a "neutral" rating and a $3.00 price target on the stock.MarketBeat
- Kodiak (KOD) Q2 Loss Narrower Than Expected, Pipeline in Focus [Yahoo! Finance]Yahoo! Finance
- Kodiak Sciences Announces Recent Business Highlights and Second Quarter 2024 Financial ResultsPR Newswire
- Kodiak Sciences Inc. (NASDAQ:KOD) is definitely on the radar of institutional investors who own 50% of the company [Yahoo! Finance]Yahoo! Finance
KOD
Earnings
- 8/14/24 - Beat
KOD
Analyst Actions
- 9/5/24 - HC Wainwright
KOD
Sec Filings
- 8/14/24 - Form 10-Q
- 8/14/24 - Form 8-K
- 8/7/24 - Form 4
- KOD's page on the SEC website