Tectonic Therapeutic (NASDAQ:TECX) Is In A Good Position To Deliver On Growth Plans [Yahoo! Finance]
Tectonic Therapeutic, Inc. (TECX)
Company Research
Source: Yahoo! Finance
Given this risk, we thought we'd take a look at whether Tectonic Therapeutic NASDAQ:TECX ) shareholders should 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. Does Tectonic Therapeutic 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. When Tectonic Therapeutic last reported its June 2024 balance sheet in August 2024, it had zero debt and cash worth US$185m. Looking at the last year, the company burnt through US$43m. Therefore, from June 2024 it had 4.3 years of cash runway. There's no doubt that this is a reassuringly long runway. You can see how its cash balance has changed over time in the image below. How Is Tectonic Therapeutic's Cash B
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TECX
News
- Tectonic Therapeutic reports findings from Phase Ia trial of TX45 [Yahoo! Finance]Yahoo! Finance
- Tectonic Therapeutic Announces Favorable Phase 1a Safety, Tolerability and PK/PD Results for Lead Program TX45GlobeNewswire
- Tectonic Therapeutic (NASDAQ: TECX) is now covered by analysts at Wells Fargo & Company. They set an "overweight" rating and a $55.00 price target on the stock.MarketBeat
- Tectonic Therapeutic to Participate in September Investor ConferencesGlobeNewswire
- Tectonic Therapeutic Announces Second Quarter 2024 Financial Results and Recent Business Highlights [Yahoo! Finance]Yahoo! Finance
TECX
Sec Filings
- 9/26/24 - Form SC
- 9/26/24 - Form 4
- 9/19/24 - Form 8-K
- TECX's page on the SEC website