Here's Why We're Not At All Concerned With KORU Medical Systems' (NASDAQ:KRMD) Cash Burn Situation [Yahoo! Finance]
KORU Medical Systems, Inc. (KRMD)
Company Research
Source: Yahoo! Finance
lost money for years while it grew recurring revenue, if you held shares since 2005, you'd have done very well indeed. But while history lauds those rare successes, those that fail are often forgotten; who remembers Pets.com? So should KORU Medical Systems NASDAQ:KRMD ) shareholders be worried about its cash burn? 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. First, we'll determine its cash runway by comparing its cash burn with its cash reserves. See our latest analysis for KORU Medical Systems When Might KORU Medical Systems Run Out Of Money? A company's cash runway is calculated by dividing its cash hoard by its cash burn. As at June 2024, KORU Medical Systems had cash of US$10m and no debt. Looking at the last year, the company burnt through US$1.1m. So it had a cash runway of about 9.4 years from June 2024. While this is only one measure of its cash burn situation,
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News
- KORU Medical Systems, Inc. (NASDAQ: KRMD) had its price target raised by analysts at Craig Hallum from $4.00 to $5.00. They now have a "buy" rating on the stock.MarketBeat
- KORU Medical Systems, Inc. (NASDAQ: KRMD) had its price target raised by analysts at Canaccord Genuity Group Inc. from $3.00 to $4.00. They now have a "buy" rating on the stock.MarketBeat
- KORU Medical Systems, Inc. (NASDAQ: KRMD) had its price target raised by analysts at Piper Sandler from $3.00 to $3.50. They now have an "overweight" rating on the stock.MarketBeat
- KORU Medical Systems Inc (KRMD) Q3 2024 Earnings Call Highlights: Strong Revenue Growth and ... [Yahoo! Finance]Yahoo! Finance
- KORU Medical Systems, Inc. Announces 2024 Q3 Financial Results, Third Consecutive Quarter of Double-Digit Growth; Raises Full Year 2024 GuidanceBusiness Wire
KRMD
Earnings
- 11/13/24 - Beat
KRMD
Sec Filings
- 11/14/24 - Form SC
- 11/13/24 - Form SC
- 11/13/24 - Form 10-Q
- KRMD's page on the SEC website