MediciNova (NASDAQ:MNOV) Is In A Good Position To Deliver On Growth Plans [Yahoo! Finance]
MediciNova, Inc. (MNOV)
Last medicinova, inc. earnings: 4/23 04:20 pm
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US:NASDAQ Investor Relations:
medicinova.com/investor-relations/media-archive
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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. Having said that, unprofitable companies are risky because they could potentially burn through all their cash and become distressed. So should MediciNova NASDAQ:MNOV ) shareholders be worried about its cash burn? For the purpose of this article, we'll define cash burn as the amount of cash the company is spending each year to fund its growth (also called its negative free cash flow). The first step is to compare its cash burn with its cash reserves, to give us its 'cash runway'. Check out our latest analysis for MediciNova When Might MediciNova 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. As at June 2024, MediciNova had cash of US$44m and no debt. In the last year, its cash burn was US$8.6m. That means it had a cash runway of about 5.2 years as of June 2024. While
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MNOV
News
- MediciNova, Inc. (NASDAQ: MNOV) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- MediciNova Announces Abstract Regarding MN-166 (ibudilast) in COMBAT-ALS Clinical Trial Accepted for Poster Presentation at the 35th International Symposium on ALS / MNDGlobeNewswire
- MediciNova, Inc. (NASDAQ: MNOV) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- MediciNova Announces Acceptance of Abstract Regarding MN-166 (ibudilast) in COMBAT-ALS Clinical Trial for Presentation at the 2024 Annual NEALS (Northeast Amyotrophic Lateral Sclerosis Consortium) MeetingGlobeNewswire
- MediciNova gains after patent win for long COVID therapy [Seeking Alpha]Seeking Alpha
MNOV
Earnings
- 5/9/24 - Miss
MNOV
Sec Filings
- 8/8/24 - Form 10-Q
- MNOV's page on the SEC website