We Think Orchestra BioMed Holdings (NASDAQ:OBIO) Needs To Drive Business Growth Carefully [Yahoo! Finance]
Orchestra BioMed Holdings, Inc. - Ordinary Shares (OBIO)
Company Research
Source: Yahoo! Finance
For example, although Amazon.com made losses for many years after listing, if you had bought and held the shares since 1999, you would have made a fortune. But the harsh reality is that very many loss making companies burn through all their cash and go bankrupt. So should Orchestra BioMed Holdings NASDAQ:OBIO ) 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. First, we'll determine its cash runway by comparing its cash burn with its cash reserves. View our latest analysis for Orchestra BioMed Holdings 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 September 2024, Orchestra BioMed Holdings had cash of US$67m and no debt. Looking at the last year, the company burnt through US$48m. That means it had a cash runway of around 17 months as of September
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OBIO
News
- Orchestra BioMed Holdings, Inc. (NASDAQ: OBIO) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $14.00 price target on the stock.MarketBeat
- Orchestra BioMed Holdings Third Quarter 2024 Earnings: Beats Expectations [Yahoo! Finance]Yahoo! Finance
- Orchestra BioMed Holdings, Inc. (NASDAQ: OBIO) had its "buy" rating re-affirmed by analysts at Chardan Capital. They now have a $20.00 price target on the stock.MarketBeat
- Orchestra BioMed Holdings, Inc. (OBIO) Reports Q3 Loss, Tops Revenue Estimates [Yahoo! Finance]Yahoo! Finance
- Orchestra BioMed Reports Third Quarter 2024 Financial Results and Provides a Business UpdateGlobeNewswire
OBIO
Sec Filings
- 11/12/24 - Form 10-Q
- 11/8/24 - Form SC
- 10/23/24 - Form SC
- OBIO's page on the SEC website