We're Hopeful That ProKidney (NASDAQ:PROK) Will Use Its Cash Wisely [Yahoo! Finance]
ProKidney Corp. - Class A Ordinary Shares (PROK)
Company Research
Source: Yahoo! Finance
For example, biotech and mining exploration companies often lose money for years before finding success with a new treatment or mineral discovery. Having said that, unprofitable companies are risky because they could potentially burn through all their cash and become distressed. So, the natural question for ProKidney NASDAQ:PROK ) shareholders is whether they should be concerned by its rate of cash burn. In this article, we define cash burn as its annual (negative) free cash flow, which is the amount of money a company spends each year to fund its growth. Let's start with an examination of the business' cash, relative to its cash burn. See our latest analysis for ProKidney Does ProKidney Have A Long Cash Runway? 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. When ProKidney last reported its March 2024 balance sheet in May 2024, it had zero debt and cash worth US$329m. In the last year, its cash burn
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High impacting ProKidney Corp. - Class A Ordinary Shares news events
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PROK
News
- ProKidney Announces the Closing of $140 Million Public Offering of Class A Ordinary Shares and Concurrent Registered Direct Offering, Including Exercise of Underwriters’ OptionGlobeNewswire
- ProKidney surges 18% following pricing of upsized $130M stock offering [Seeking Alpha]Seeking Alpha
- ProKidney Announces Pricing of its Upsized $130 Million Public Offering of Class A Ordinary Shares and Concurrent Registered Direct OfferingGlobeNewswire
- ProKidney Announces Proposed $125 Million Public Offering of Class A Ordinary Shares and Concurrent Registered Direct Offering [Yahoo! Finance]Yahoo! Finance
- ProKidney proposes $125M public offering of class A ordinary shares [Seeking Alpha]Seeking Alpha
PROK
Earnings
- 5/10/24 - Beat
PROK
Sec Filings
- 6/25/24 - Form SC
- 6/25/24 - Form 4
- 6/20/24 - Form 4
- PROK's page on the SEC website