Companies Like Lexaria Bioscience (NASDAQ:LEXX) Are In A Position To Invest In Growth [Yahoo! Finance]
Lexaria Bioscience Corp. (LEXX)
Company Research
Source: Yahoo! Finance
Lexaria Bioscience NASDAQ:LEXX ) has seen its share price rise 199% over the last year, delighting many shareholders. Nonetheless, only a fool would ignore the risk that a loss making company burns through its cash too quickly. Given its strong share price performance, we think it's worthwhile for Lexaria Bioscience 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'. The first step is to compare its cash burn with its cash reserves, to give us its 'cash runway'. When Might Lexaria Bioscience Run Out Of Money? 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 Lexaria Bioscience last reported its May 2024 balance sheet in July 2024, it had zero debt and cash worth US$8.5m. Importantly, its cash burn was US$4.9m over the trailing twelve months. So it had a cash runway
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News
- ALL Study Groups using DehydraTECH Processing Outperform Rybelsus(R) in Body Weight Control in Lexaria's 12-Week GLP-1, Diabetes Animal Study [Yahoo! Finance]Yahoo! Finance
- ALL Study Groups using DehydraTECH Processing Outperform Rybelsus(R) in Body Weight Control in Lexaria’s 12-Week GLP-1, Diabetes Animal StudyAccesswire
- Lexaria Signs Contract For New DehydraTECH GLP-1 Biodistribution Study [Yahoo! Finance]Yahoo! Finance
- Lexaria Signs Contract For New DehydraTECH GLP-1 Biodistribution StudyAccesswire
- Ethics Board Approval Granted for Lexaria's 12-Week Phase 1b DehydraTECH GLP-1 Study in Diabetes and Weight LossAccesswire
LEXX
Sec Filings
- 11/14/24 - Form SC
- 11/12/24 - Form PRE
- 10/18/24 - Form 8-K
- LEXX's page on the SEC website