We're Keeping An Eye On Tenaya Therapeutics' (NASDAQ:TNYA) Cash Burn Rate [Yahoo! Finance]
Tenaya Therapeutics, Inc. (TNYA)
Company Research
Source: Yahoo! Finance
lost money for years while it grew recurring revenue, if you held shares since 2005, you'd have done very well indeed. But while history lauds those rare successes, those that fail are often forgotten; who remembers Pets.com? So, the natural question for Tenaya Therapeutics NASDAQ:TNYA ) shareholders is whether they should be concerned by its rate of 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. We'll start by comparing its cash burn with its cash reserves in order to calculate its cash runway. Check out our latest analysis for Tenaya Therapeutics When Might Tenaya Therapeutics Run Out Of Money? A cash runway is defined as the length of time it would take a company to run out of money if it kept spending at its current rate of cash burn. In March 2024, Tenaya Therapeutics had US$122m in cash, and was debt-free. Importantly, its cash burn was US$102m over the t
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TNYA
News
- Tenaya Therapeutics to Participate at the TD Cowen Genetic Medicines & RNA SummitGlobeNewswire
- Tenaya Therapeutics, Inc. (NASDAQ: TNYA) is now covered by analysts at William Blair. They set an "outperform" rating on the stock.MarketBeat
- Tenaya Therapeutics, Inc. (NASDAQ: TNYA) had its price target lowered by analysts at Canaccord Genuity Group Inc. from $18.00 to $16.00. They now have a "buy" rating on the stock.MarketBeat
- Tenaya Therapeutics, Inc. (NASDAQ: TNYA) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $18.00 price target on the stock.MarketBeat
- Tenaya Therapeutics Reports First Quarter 2024 Financial Results and Provides Business Update [Yahoo! Finance]Yahoo! Finance
TNYA
Earnings
- 5/14/24 - Beat
TNYA
Sec Filings
- 5/31/24 - Form 8-K
- 5/14/24 - Form 10-Q
- 5/14/24 - Form 8-K
- TNYA's page on the SEC website