Here's Why Burning Rock Biotech (NASDAQ:BNR) Must Use Its Cash Wisely [Yahoo! Finance]
Burning Rock Biotech Limited - American Depositary Shares (BNR)
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. Having said that, unprofitable companies are risky because they could potentially burn through all their cash and become distressed. Given this risk, we thought we'd take a look at whether Burning Rock Biotech NASDAQ:BNR ) shareholders should be worried about its cash burn. In this report, we will consider the company's annual negative free cash flow, henceforth referring to it as the 'cash burn'. The first step is to compare its cash burn with its cash reserves, to give us its 'cash runway'. Check out our latest analysis for Burning Rock Biotech Does Burning Rock Biotech Have A Long 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 Burning Rock Biotech last reported its balance sheet in September 2023, it had zero debt and cash worth CN¥636m. Looking at the last year,
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News
- Burning Rock Announces ADS Ratio Change [Yahoo! Finance]Yahoo! Finance
- Burning Rock Announces ADS Ratio ChangeGlobeNewswire
- Burning Rock Reports Fourth Quarter and Full Year 2023 Financial Results [Yahoo! Finance]Yahoo! Finance
- Burning Rock Reports Fourth Quarter and Full Year 2023 Financial ResultsGlobeNewswire
BNR
Earnings
- 5/30/23 - Miss
BNR
Sec Filings
- 4/26/24 - Form F-6
- 4/26/24 - Form 6-K
- 3/28/24 - Form 6-K
- BNR's page on the SEC website