We're Not Worried About Castle Biosciences' (NASDAQ:CSTL) Cash Burn [Yahoo! Finance]
Castle Biosciences, Inc. - Common stock (CSTL)
Last castle biosciences, inc. - common stock earnings: 3/10 04:05 pm
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Source: Yahoo! Finance
money for years before finding success with a new treatment or mineral discovery. Having said that, unprofitable companies are risky because they could potentially burn through all their cash and become distressed. So should Castle Biosciences NASDAQ:CSTL ) shareholders 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'. See our latest analysis for Castle Biosciences When Might Castle Biosciences Run Out Of Money? 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. As at December 2023, Castle Biosciences had cash of US$243m and no debt. Looking at the last year, the company burnt through US$19m. So it had a very long cash runway of many years from December 2023. Importantly, though, analysts think that C
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CSTL
News
- Castle Biosciences to Release First Quarter 2024 Financial Results and Host Conference Call on Thursday, May 2, 2024 [Yahoo! Finance]Yahoo! Finance
- Castle Biosciences to Release First Quarter 2024 Financial Results and Host Conference Call on Thursday, May 2, 2024Business Wire
- Castle Biosciences Celebrates Esophageal Cancer Awareness Month through Advocacy and Educational Collaborations [Yahoo! Finance]Yahoo! Finance
- Castle Biosciences Celebrates Esophageal Cancer Awareness Month through Advocacy and Educational CollaborationsBusiness Wire
- Castle Biosciences' Chief Financial Officer Frank Stokes Recognized as a Top CFO of Houston for Second Consecutive Year [Yahoo! Finance]Yahoo! Finance
CSTL
Earnings
- 2/28/24 - Beat
CSTL
Sec Filings
- 4/25/24 - Form 4
- 4/17/24 - Form EFFECT
- 4/16/24 - Form 4
- CSTL's page on the SEC website