Is Sana Biotechnology (NASDAQ:SANA) In A Good Position To Deliver On Growth Plans? [Yahoo! Finance]
Sana Biotechnology, Inc. (SANA)
Company Research
Source: Yahoo! Finance
Given this risk, we thought we'd take a look at whether Sana Biotechnology NASDAQ:SANA ) shareholders should be worried about its cash burn. In this report, we will consider the company's annual negative free cash flow, henceforth referring to it as the 'cash burn'. The first step is to compare its cash burn with its cash reserves, to give us its 'cash runway'. Does Sana Biotechnology 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. In June 2024, Sana Biotechnology had US$252m in cash, and was debt-free. In the last year, its cash burn was US$285m. Therefore, from June 2024 it had roughly 11 months of cash runway. To be frank, this kind of short runway puts us on edge, as it indicates the company must reduce its cash burn significantly, or else raise cash imminently. You can see how its cash balance has changed over time in the image below. How Is Sana Biotechnology's Cash Burn
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SANA
News
- ATTENTION SANA SHAREHOLDERS: Investors who lost money on Sana Biotechnology, Inc. are urged to contact Levi & Korsinsky about an ongoing investigationAccesswire
- SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Sana Biotechnology, Inc. - SANAAccesswire
- Shareholder Rights Advocates at Levi & Korsinsky Investigate Sana Biotechnology, Inc. (SANA) Regarding Possible Securities Fraud ViolationsAccesswire
- Did Sana Biotechnology, Inc. Mislead Investors? Shareholder Rights Advocates at Levi & Korsinsky Investigate - SANAAccesswire
- SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Sana Biotechnology, Inc. - SANAPR Newswire
SANA
Earnings
- 11/8/24 - Miss
SANA
Sec Filings
- 11/21/24 - Form 3/A
- 11/14/24 - Form SC
- 11/14/24 - Form SC
- SANA's page on the SEC website