We're Keeping An Eye On Equillium's (NASDAQ:EQ) Cash Burn Rate [Yahoo! Finance]
Equillium, Inc. (EQ)
Last equillium, inc. earnings: 3/26 04:07 pm
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Source: Yahoo! Finance
By way of example, Equillium NASDAQ:EQ ) has seen its share price rise 161% over the last year, delighting many shareholders. Nonetheless, only a fool would ignore the risk that a loss making company burns through its cash too quickly. Given its strong share price performance, we think it's worthwhile for Equillium shareholders to consider whether its cash burn is concerning. In this article, we define cash burn as its annual (negative) free cash flow, which is the amount of money a company spends each year to fund its growth. The first step is to compare its cash burn with its cash reserves, to give us its 'cash runway'. See our latest analysis for Equillium When Might Equillium 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. When Equillium last reported its December 2023 balance sheet in March 2024, it had zero debt and cash worth US$41m. Importantly, its cash burn was US$22m ove
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News
- Equillium, Inc. (NASDAQ: EQ) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $5.00 price target on the stock.MarketBeat
- Equillium Announces Interim Enrollment Achieved in Phase 3 EQUATOR Study of Itolizumab in Acute Graft-Versus-Host Disease [Yahoo! Finance]Yahoo! Finance
- Equillium Announces Interim Enrollment Achieved in Phase 3 EQUATOR Study of Itolizumab in Acute Graft-Versus-Host DiseaseBusiness Wire
- Equillium, Inc. (EQ) Reports Q1 Loss, Tops Revenue Estimates [Yahoo! Finance]Yahoo! Finance
- Equillium Reports First Quarter 2024 Financial Results and Provides Recent Clinical Highlights [Yahoo! Finance]Yahoo! Finance
EQ
Earnings
- 5/9/24 - Beat
EQ
Analyst Actions
- 5/17/24 - HC Wainwright
EQ
Sec Filings
- 5/9/24 - Form 10-Q
- 5/9/24 - Form 8-K
- 4/11/24 - Form ARS
- EQ's page on the SEC website