Foghorn Therapeutics (NASDAQ:FHTX) Is In A Good Position To Deliver On Growth Plans [Yahoo! Finance]
Foghorn Therapeutics Inc. (FHTX)
Company Research
Source: Yahoo! Finance
For example, although Amazon.com made losses for many years after listing, if you had bought and held the shares since 1999, you would have made a fortune. Having said that, unprofitable companies are risky because they could potentially burn through all their cash and become distressed. So should Foghorn Therapeutics NASDAQ:FHTX ) shareholders be worried about its cash burn? For the purpose of this article, we'll define cash burn as the amount of cash the company is spending each year to fund its growth (also called its negative free cash flow). We'll start by comparing its cash burn with its cash reserves in order to calculate its cash runway. See our latest analysis for Foghorn Therapeutics Does Foghorn Therapeutics Have A Long Cash Runway? A company's cash runway is calculated by dividing its cash hoard by its cash burn. In December 2023, Foghorn Therapeutics had US$234m in cash, and was debt-free. Importantly, its cash burn was US$119m over the trailing twelve months. The
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FHTX
News
- Foghorn Therapeutics Inc. (NASDAQ: FHTX) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $20.00 price target on the stock.MarketBeat
- Foghorn Therapeutics Inc. (FHTX) Reports Q1 Loss, Misses Revenue Estimates [Yahoo! Finance]Yahoo! Finance
- Foghorn Therapeutics Provides First Quarter 2024 Financial and Corporate Update [Yahoo! Finance]Yahoo! Finance
- Foghorn Therapeutics Provides First Quarter 2024 Financial and Corporate UpdateGlobeNewswire
- Foghorn Therapeutics Inc. (NASDAQ: FHTX) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $20.00 price target on the stock.MarketBeat
FHTX
Earnings
- 8/4/23 - Beat
FHTX
Sec Filings
- 5/6/24 - Form 8-K
- 5/6/24 - Form 10-Q
- 5/6/24 - Form 8-K
- FHTX's page on the SEC website