Third Harmonic Bio (NASDAQ:THRD) Is In A Strong Position To Grow Its Business [Yahoo! Finance]
Third Harmonic Bio, Inc. (THRD)
Company Research
Source: Yahoo! Finance
Third Harmonic Bio NASDAQ:THRD ) shareholders have done very well over the last year, with the share price soaring by 130%. Nonetheless, only a fool would ignore the risk that a loss making company burns through its cash too quickly. In light of its strong share price run, we think now is a good time to investigate how risky Third Harmonic Bio's cash burn is. 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). The first step is to compare its cash burn with its cash reserves, to give us its 'cash runway'. How Long Is Third Harmonic Bio's Cash Runway? A company's cash runway is calculated by dividing its cash hoard by its cash burn. In June 2024, Third Harmonic Bio had US$255m in cash, and was debt-free. Importantly, its cash burn was US$25m over the trailing twelve months. So it had a very long cash runway of many years from June 2024. While this is only one
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THRD
News
- Wall Street Analysts Believe Third Harmonic Bio, Inc. (THRD) Could Rally 26.67%: Here's is How to Trade [Yahoo! Finance]Yahoo! Finance
- Third Harmonic Bio to Participate in Upcoming Investor Conferences in NovemberGlobeNewswire
- Third Harmonic Bio Announces Third Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- Third Harmonic Bio Announces Third Quarter 2024 Financial ResultsGlobeNewswire
- Third Harmonic Bio to Participate in Upcoming Investor Conferences in SeptemberGlobeNewswire
THRD
Earnings
- 5/15/24 - Beat
THRD
Sec Filings
- 11/14/24 - Form SC
- 11/14/24 - Form SC
- 11/12/24 - Form SC
- THRD's page on the SEC website