We Think MaxCyte (LON:MXCT) Can Afford To Drive Business Growth [Yahoo! Finance]
MaxCyte, Inc. (MXCT)
Company Research
Source: Yahoo! Finance
Given this risk, we thought we'd take a look at whether MaxCyte LON:MXCT ) shareholders should be worried about its cash burn. In this report, we will consider the company's annual negative free cash flow, henceforth referring to it as the 'cash burn'. First, we'll determine its cash runway by comparing its cash burn with its cash reserves. Does MaxCyte Have A Long Cash Runway? A company's cash runway is calculated by dividing its cash hoard by its cash burn. When MaxCyte last reported its June 2024 balance sheet in August 2024, it had zero debt and cash worth US$157m. Looking at the last year, the company burnt through US$25m. So it had a cash runway of about 6.2 years from June 2024. Even though this is but one measure of the company's cash burn, the thought of such a long cash runway warms our bellies in a comforting way. The image below shows how its cash balance has been changing over the last few years. How Well Is MaxCyte Growing? We reckon the fact that MaxCyte manage
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MXCT
News
- This MaxCyte Insider Increased Their Holding In The Last Year [Yahoo! Finance]Yahoo! Finance
- MaxCyte Celebrates 25 Years of Innovation Driving Cell Engineering-Based TherapeuticsGlobeNewswire
- MaxCyte Inc (MXCT) Q3 2024 Earnings Call Highlights: Strong Core Revenue Growth Amidst Market ... [Yahoo! Finance]Yahoo! Finance
- MaxCyte, Inc. (MXCT) Reports Q3 Loss, Tops Revenue Estimates [Yahoo! Finance]Yahoo! Finance
- MaxCyte Reports Third Quarter 2024 Financial Results and Updates Full Year 2024 Guidance [Yahoo! Finance]Yahoo! Finance
MXCT
Earnings
- 11/6/24 - Beat
MXCT
Sec Filings
- 11/13/24 - Form SC
- 11/8/24 - Form SC
- 11/6/24 - Form 10-Q
- MXCT's page on the SEC website