Companies Like Surrozen (NASDAQ:SRZN) Could Be Quite Risky [Yahoo! Finance]
Surrozen, Inc. (SRZN)
Company Research
Source: Yahoo! Finance
listing, if you had bought and held the shares since 1999, you would have made a fortune. Having said that, unprofitable companies are risky because they could potentially burn through all their cash and become distressed. So should Surrozen NASDAQ:SRZN ) 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. We'll start by comparing its cash burn with its cash reserves in order to calculate its cash runway. See our latest analysis for Surrozen Does Surrozen Have A Long Cash Runway? You can calculate a company's cash runway by dividing the amount of cash it has by the rate at which it is spending that cash. As at June 2024, Surrozen had cash of US$38m and no debt. Importantly, its cash burn was US$32m over the trailing twelve months. Therefore, from June 2024 it had roughly 14 months of cash runway. That's not too bad, but it's fair
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SRZN
News
- Surrozen to Present at Upcoming Healthcare Investor ConferencesGlobeNewswire
- Surrozen Provides Third Quarter 2024 Financial Results and Business UpdateGlobeNewswire
- Surrozen and TCGFB, Inc. Announce Strategic Research Collaboration to Develop TGF-ß Antibodies for Idiopathic Pulmonary Fibrosis [Yahoo! Finance]Yahoo! Finance
- Surrozen and TCGFB, Inc. Announce Strategic Research Collaboration to Develop TGF-ß Antibodies for Idiopathic Pulmonary FibrosisGlobeNewswire
- Surrozen earns $10M milestone payment through Boehringer collaboration [Seeking Alpha]Seeking Alpha
SRZN
Earnings
- 5/8/24 - Beat
SRZN
Sec Filings
- 11/8/24 - Form SC
- 11/6/24 - Form 10-Q
- 11/6/24 - Form 8-K
- SRZN's page on the SEC website