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Stock impact report

We're Interested To See How EverQuote (NASDAQ:EVER) Uses Its Cash Hoard To Grow [Yahoo! Finance]

EverQuote, Inc. - Class A (EVER) 
Last everquote, inc. - class a earnings: 2/24 04:05 pm Check Earnings Report
US:NYSE Investor Relations: about.everbank/news/tiaa
Company Research Source: Yahoo! Finance
But while history lauds those rare successes, those that fail are often forgotten; who remembers Pets.com? So notwithstanding the buoyant share price, we think it's well worth asking whether EverQuote's cash burn is too risky. 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. Check out our latest analysis for EverQuote When Might EverQuote 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. In December 2023, EverQuote had US$38m in cash, and was debt-free. In the last year, its cash burn was US$6.7m. That means it had a cash runway of about 5.7 years as of December 2023. Notably, however, analysts think that EverQuote will break even (at a free cash flow level) before then. If that Show less Read more
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