Here's Why We're Watching Tenaya Therapeutics' (NASDAQ:TNYA) Cash Burn Situation [Yahoo! Finance]
Tenaya Therapeutics, Inc. (TNYA)
Company Research
Source: Yahoo! Finance
For example, although software-as-a-service business Salesforce.com lost money for years while it grew recurring revenue, if you held shares since 2005, you'd have done very well indeed. But the harsh reality is that very many loss making companies burn through all their cash and go bankrupt. So should Tenaya Therapeutics NASDAQ:TNYA ) shareholders be worried about its cash burn? In this article, we define cash burn as its annual (negative) free cash flow, which is the amount of money a company spends each year to fund its growth. Let's start with an examination of the business' cash, relative to its cash burn. Check out our latest analysis for Tenaya Therapeutics 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, Tenaya Therapeutics had cash of US$99m and no debt. Importantly, its cash burn was US$99m over the trailing twelve months. That means it had a cash runway of around 12 months a
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TNYA
News
- Tenaya Therapeutics, Inc. (NASDAQ: TNYA) had its price target lowered by analysts at Chardan Capital from $20.00 to $18.00. They now have a "buy" rating on the stock.MarketBeat
- Tenaya Therapeutics Reports Third Quarter 2024 Financial Results and Provides Business Update [Yahoo! Finance]Yahoo! Finance
- Tenaya Therapeutics Reports Third Quarter 2024 Financial Results and Provides Business UpdateGlobeNewswire
- Morgan Stanley Predicts Up to 670% Jump for These 2 ‘Strong Buy' Stocks [Yahoo! Finance]Yahoo! Finance
- Tenaya Therapeutics, Inc. (NASDAQ: TNYA) had its "outperform" rating re-affirmed by analysts at Leerink Partners.MarketBeat
TNYA
Earnings
- 5/14/24 - Beat
TNYA
Sec Filings
- 11/6/24 - Form 10-Q
- 11/6/24 - Form 8-K
- 10/21/24 - Form 4
- TNYA's page on the SEC website