We're Not Worried About Viking Therapeutics' (NASDAQ:VKTX) Cash Burn [Yahoo! Finance]
Viking Therapeutics, Inc. (VKTX)
Last viking therapeutics, inc. earnings: 4/30 04:05 pm
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US:NASDAQ Investor Relations:
ir.vikingtherapeutics.com
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Source: Yahoo! Finance
share price rise 272% over the last year, delighting many shareholders. But the harsh reality is that very many loss making companies burn through all their cash and go bankrupt. Given its strong share price performance, we think it's worthwhile for Viking Therapeutics shareholders to consider whether its cash burn is concerning. 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. The first step is to compare its cash burn with its cash reserves, to give us its 'cash runway'. View our latest analysis for Viking Therapeutics Does Viking Therapeutics 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 Viking Therapeutics last reported its March 2024 balance sheet in April 2024, it had zero debt and cash worth US$963m. Importantly, its cash burn was US$55m over the trailing
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VKTX
News
- Viking Therapeutics, Inc. (VKTX) Sees a More Significant Dip Than Broader Market: Some Facts to Know [Yahoo! Finance]Yahoo! Finance
- Several Factors Negatively Impacted Viking Therapeutics (VKTX) in Q2 [Yahoo! Finance]Yahoo! Finance
- Viking Surges 342% in the Past Year: How Should You Play the Stock? [Yahoo! Finance]Yahoo! Finance
- The Best Biotech Stock to Invest $1,000 in Right Now [Yahoo! Finance]Yahoo! Finance
- Viking Therapeutics: GLP-1/GIP Receptor Agonist And Its Competitive Landscape [Seeking Alpha]Seeking Alpha
VKTX
Earnings
- 7/24/24 - Beat
VKTX
Sec Filings
- 8/22/24 - Form 4
- 8/22/24 - Form 4
- 8/21/24 - Form 144
- VKTX's page on the SEC website