Is Vigil Neuroscience (NASDAQ:VIGL) In A Good Position To Deliver On Growth Plans? [Yahoo! Finance]
Vigil Neuroscience, Inc. (VIGL)
Company Research
Source: Yahoo! Finance
Given this risk, we thought we'd take a look at whether Vigil Neuroscience NASDAQ:VIGL ) shareholders should 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. We'll start by comparing its cash burn with its cash reserves in order to calculate its cash runway. How Long Is Vigil Neuroscience's Cash Runway? A company's cash runway is the amount of time it would take to burn through its cash reserves at its current cash burn rate. When Vigil Neuroscience last reported its June 2024 balance sheet in August 2024, it had zero debt and cash worth US$87m. Importantly, its cash burn was US$70m over the trailing twelve months. So it had a cash runway of approximately 15 months from June 2024. That's not too bad, but it's fair to say the end of the cash runway is in sight, unless cash burn reduces drastically. You can see how its cash balance has changed ove
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VIGL
News
- Vigil Neuroscience to Present at Upcoming Investor ConferencesGlobeNewswire
- Vigil Neuroscience, Inc. (NASDAQ: VIGL) had its price target raised by analysts at Wedbush from $23.00 to $24.00. They now have an "outperform" rating on the stock.MarketBeat
- Vigil Neuroscience, Inc. (NASDAQ:VIGL) has caught the attention of institutional investors who hold a sizeable 41% stake [Yahoo! Finance]Yahoo! Finance
- Vigil Neuroscience Reports Third Quarter 2024 Financial Results and Provides Business UpdateGlobeNewswire
- Vigil Neuroscience to Present at Guggenheim Healthcare Innovation ConferenceGlobeNewswire
VIGL
Earnings
- 11/7/24 - Beat
VIGL
Sec Filings
- 11/14/24 - Form SC
- 11/14/24 - Form SC
- 11/7/24 - Form 10-Q
- VIGL's page on the SEC website