Here's Why We're Not Too Worried About Quanterix's (NASDAQ:QTRX) Cash Burn Situation [Yahoo! Finance]
Quanterix Corporation (QTRX)
US:NASDAQ Investor Relations:
ir.quanterix.com/investor-relations
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. But while history lauds those rare successes, those that fail are often forgotten; who remembers Pets.com? So, the natural question for Quanterix NASDAQ:QTRX ) shareholders is whether they should be concerned by its rate of 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). First, we'll determine its cash runway by comparing its cash burn with its cash reserves. See our latest analysis for Quanterix When Might Quanterix 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 Quanterix last reported its March 2024 balance sheet in May 2024, it had zero debt and cash worth US$302m. Looking at
Show less
Read more
Impact Snapshot
Event Time:
QTRX
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
QTRX alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
QTRX alerts
High impacting Quanterix Corporation news events
Weekly update
A roundup of the hottest topics
QTRX
News
- Quanterix to Participate at the Scotiabank Healthcare 1x1 DayBusiness Wire
- Quanterix to Present at 45th Annual Goldman Sachs Global Healthcare ConferenceBusiness Wire
- Quanterix to Present at Leerink Partners Healthcare Crossroads Conference 2024Business Wire
- Quanterix Corporation (NASDAQ:QTRX) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Quanterix Releases Financial Results for the First Quarter of 2024 [Yahoo! Finance]Yahoo! Finance
QTRX
Earnings
- 5/7/24 - Beat
QTRX
Analyst Actions
- 4/29/24 - Canaccord Genuity
QTRX
Sec Filings
- 6/17/24 - Form 4
- 6/12/24 - Form 144
- 6/7/24 - Form 8-K
- QTRX's page on the SEC website