Companies Like Allakos (NASDAQ:ALLK) Are In A Position To Invest In Growth [Yahoo! Finance]
Allakos Inc. (ALLK)
Last allakos inc. earnings: 11/12 04:01 pm
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US:NASDAQ Investor Relations:
investor.allakos.com/investor-relations
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Source: Yahoo! Finance
So should Allakos NASDAQ:ALLK ) shareholders be worried about its cash burn? 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. We'll start by comparing its cash burn with its cash reserves in order to calculate its cash runway. How Long Is Allakos' Cash Runway? 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 2023, Allakos had US$253m in cash, and was debt-free. Looking at the last year, the company burnt through US$142m. So it had a cash runway of approximately 21 months from March 2023. 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 over time in the image below. How Is Allakos' Cash Burn Changing Over Time? Allakos didn't record any revenue over the l
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