Here's Why We're Not Too Worried About Personalis' (NASDAQ:PSNL) Cash Burn Situation [Yahoo! Finance]
Personalis, Inc. (PSNL)
Last personalis, inc. earnings: 3/25 04:01 pm
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Source: Yahoo! Finance
well over the last year, with the share price soaring by 346%. But while history lauds those rare successes, those that fail are often forgotten; who remembers Pets.com? Given its strong share price performance, we think it's worthwhile for Personalis shareholders to consider whether its cash burn is concerning. 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). First, we'll determine its cash runway by comparing its cash burn with its cash reserves. See our latest analysis for Personalis 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, Personalis had cash of US$144m and no debt. Looking at the last year, the company burnt through US$55m. So it had a cash runway of about 2.6 years from September 2024. That's decent, giving the company a couple years to develop i
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PSNL
News
- Personalis, Inc. (NASDAQ: PSNL) had its price target raised by analysts at HC Wainwright from $9.00 to $11.00. They now have a "buy" rating on the stock.MarketBeat
- Personalis, Inc. (NASDAQ: PSNL) had its "buy" rating re-affirmed by analysts at Needham & Company LLC. They now have a $7.25 price target on the stock.MarketBeat
- Personalis Advances Business Strategy with Investment from Merck and Extends Collaboration with Moderna [Yahoo! Finance]Yahoo! Finance
- Personalis Advances Business Strategy with Investment from Merck and Extends Collaboration with ModernaBusiness Wire
- Personalis and Tempus Expand Collaboration to Biopharma [Yahoo! Finance]Yahoo! Finance
PSNL
Earnings
- 11/6/24 - Miss
PSNL
Sec Filings
- 12/19/24 - Form 8-K
- 12/18/24 - Form 4
- 12/18/24 - Form 4
- PSNL's page on the SEC website