We're Keeping An Eye On Longeveron's (NASDAQ:LGVN) Cash Burn Rate [Yahoo! Finance]
Longeveron Inc. - Class A Common stock (LGVN)
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 the successes are well known, investors should not ignore the very many unprofitable companies that simply burn through all their cash and collapse. So should Longeveron NASDAQ:LGVN ) shareholders 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. Let's start with an examination of the business' cash, relative to its cash burn. Check out our latest analysis for Longeveron You can calculate a company's cash runway by dividing the amount of cash it has by the rate at which it is spending that cash. When Longeveron last reported its September 2024 balance sheet in November 2024, it had zero debt and cash worth US$23m. Importantly, its cash burn was US$16m over the trailing twelve months. Therefore, from September 2024 i
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LGVN
News
- Longeveron® Announces Third Quarter 2024 Financial Results and Provides Business UpdateGlobeNewswire
- Longeveron® Appoints Devin Blass as Chief Technology Officer and SVP of Chemistry, Manufacturing and Controls (CMC)GlobeNewswire
- Longeveron® to Report Third Quarter 2024 Financial Results and Host Conference Call on November 12, 2024GlobeNewswire
- Longeveron Inc. (NASDAQ: LGVN) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $10.00 price target on the stock.MarketBeat
- Longeveron® Presents Lomecel-B™ Data for Alzheimer’s Disease Indication in Late Breaking Poster Presentation at the Clinical Trials on Alzheimer’s Disease Conference (CTAD24)GlobeNewswire
LGVN
Earnings
- 11/12/24 - Beat
LGVN
Sec Filings
- 11/14/24 - Form SC
- 11/12/24 - Form 8-K
- 11/12/24 - Form 10-Q
- LGVN's page on the SEC website