Here's Why We're Watching Kronos Bio's (NASDAQ:KRON) Cash Burn Situation [Yahoo! Finance]
Kronos Bio, Inc. (KRON)
Company Research
Source: Yahoo! Finance
lose money for years before finding success with a new treatment or mineral discovery. Having said that, unprofitable companies are risky because they could potentially burn through all their cash and become distressed. Given this risk, we thought we'd take a look at whether Kronos Bio NASDAQ:KRON ) 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. View our latest analysis for Kronos Bio Does Kronos Bio Have A Long Cash Runway? A cash runway is defined as the length of time it would take a company to run out of money if it kept spending at its current rate of cash burn. When Kronos Bio last reported its March 2024 balance sheet in May 2024, it had zero debt and cash worth US$152m. Importantly, its cash burn was US$97m ove
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KRON
News
- Shareholders May Be More Conservative With Kronos Bio, Inc.'s (NASDAQ:KRON) CEO Compensation For Now [Yahoo! Finance]Yahoo! Finance
- Insider Spends US$3.1m Buying More Shares In Kronos Bio [Yahoo! Finance]Yahoo! Finance
- Kronos Bio to Present Clinical Update on Phase 1/2 Trial of KB-0742 at the 2024 American Society of Clinical Oncology (ASCO) Annual Meeting [Yahoo! Finance]Yahoo! Finance
- Kronos Bio to Present Clinical Update on Phase 1/2 Trial of KB-0742 at the 2024 American Society of Clinical Oncology (ASCO) Annual MeetingGlobeNewswire
- Kronos Bio to Participate in Three Upcoming Healthcare Conferences and Events [Yahoo! Finance]Yahoo! Finance
KRON
Earnings
- 5/9/24 - Miss
KRON
Sec Filings
- 6/12/24 - Form SC
- 6/12/24 - Form 4
- 6/4/24 - Form 4
- KRON's page on the SEC website