Here's Why We're Watching Nuvectis Pharma's (NASDAQ:NVCT) Cash Burn Situation [Yahoo! Finance]
Nuvectis Pharma, Inc. (NVCT)
Company Research
Source: Yahoo! Finance
Given this risk, we thought we'd take a look at whether Nuvectis Pharma NASDAQ:NVCT ) shareholders should 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). We'll start by comparing its cash burn with its cash reserves in order to calculate its cash runway. When Might Nuvectis Pharma Run Out Of Money? A cash runway is defined as the length of time it would take a company to run out of money if it kept spending at its current rate of cash burn. When Nuvectis Pharma last reported its June 2024 balance sheet in August 2024, it had zero debt and cash worth US$18m. Importantly, its cash burn was US$14m over the trailing twelve months. So it had a cash runway of approximately 15 months from June 2024. That's not too bad, but it's fair to say the end of the cash runway is in sight, unless cash burn reduces drastically. The image below
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News
- Nuvectis Pharma CEO Says Increased Dose Intensity Needed To Drive More Efficacy From Ovarian Cancer Lead Drug [Yahoo! Finance]Yahoo! Finance
- Nuvectis Pharma Reports Encouraging NXP800 Interim Data Supporting Ongoing Enrollment in Phase 1b Study in Patients with Platinum-Resistant ARID1a-Mutated Ovarian Cancer [Yahoo! Finance]Yahoo! Finance
- Nuvectis Pharma Reports Encouraging NXP800 Interim Data Supporting Ongoing Enrollment in Phase 1b Study in Patients with Platinum-Resistant ARID1a-Mutated Ovarian CancerGlobeNewswire
- Nuvectis Pharma GAAP EPS of -$0.24 beats by $0.01 [Seeking Alpha]Seeking Alpha
- Nuvectis Pharma, Inc. Reports Third Quarter 2024 Financial Results and Business HighlightsGlobeNewswire
NVCT
Earnings
- 5/7/24 - Beat
NVCT
Sec Filings
- 11/20/24 - Form 4
- 11/18/24 - Form 4
- 11/8/24 - Form 4
- NVCT's page on the SEC website