We Think Anebulo Pharmaceuticals (NASDAQ:ANEB) Needs To Drive Business Growth Carefully [Yahoo! Finance]
Anebulo Pharmaceuticals, Inc. (ANEB)
Company Research
Source: Yahoo! Finance
For example, biotech and mining exploration companies often lose money for years before finding success with a new treatment or mineral discovery. Nonetheless, only a fool would ignore the risk that a loss making company burns through its cash too quickly. Given this risk, we thought we'd take a look at whether Anebulo Pharmaceuticals NASDAQ:ANEB ) shareholders should 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. First, we'll determine its cash runway by comparing its cash burn with its cash reserves. View our latest analysis for Anebulo Pharmaceuticals Does Anebulo Pharmaceuticals Have A Long Cash Runway? A company's cash runway is calculated by dividing its cash hoard by its cash burn. In December 2023, Anebulo Pharmaceuticals had US$6.6m in cash, and was debt-free. In the last year, its cash burn was US$9.6m. That means it had a cash
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ANEB
Earnings
- 2/13/24 - In-Line
ANEB
Sec Filings
- 3/8/24 - Form 4/A
- 3/1/24 - Form 4
- 2/13/24 - Form 10-Q
- ANEB's page on the SEC website