We Think LENZ Therapeutics (NASDAQ:LENZ) Can Afford To Drive Business Growth [Yahoo! Finance]
LENZ Therapeutics, Inc. (LENZ)
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, the natural question for LENZ Therapeutics NASDAQ:LENZ ) shareholders is whether they should be concerned by its rate of 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. Check out our latest analysis for LENZ Therapeutics When Might LENZ Therapeutics Run Out Of Money? A company's cash runway is calculated by dividing its cash hoard by its cash burn. In March 2024, LENZ Therapeutics had US$213m in cash, and was debt-free. In the last year, its cash burn was US$72m. That means it had a cash runway of about 3.0 years as of March 2024. Imp
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LENZ
News
- LENZ Therapeutics to Host Key Opinion Leader Event on June 18, 2024 [Yahoo! Finance]Yahoo! Finance
- LENZ Therapeutics to Host Key Opinion Leader Event on June 18, 2024GlobeNewswire
- LENZ Therapeutics to Present at the Jefferies Global Healthcare ConferenceGlobeNewswire
- LENZ Therapeutics, Inc. (NASDAQ:LENZ) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- LENZ Therapeutics Reports First Quarter 2024 Financial Results and Provides Business Updates [Yahoo! Finance]Yahoo! Finance
LENZ
Earnings
- 5/9/24 - Miss
LENZ
Sec Filings
- 5/21/24 - Form S-8
- 5/15/24 - Form 4
- 5/14/24 - Form 4
- LENZ's page on the SEC website