We're Keeping An Eye On GlycoMimetics' (NASDAQ:GLYC) Cash Burn Rate [Yahoo! Finance]
GlycoMimetics, Inc. (GLYC)
Last glycomimetics, inc. earnings: 5/1 07:00 am
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US:NASDAQ Investor Relations:
ir.glycomimetics.com/investor-relations
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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. But while the successes are well known, investors should not ignore the very many unprofitable companies that simply burn through all their cash and collapse. Given this risk, we thought we'd take a look at whether GlycoMimetics NASDAQ:GLYC ) shareholders should 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). 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 GlycoMimetics Does GlycoMimetics Have A Long Cash Runway? 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 GlycoMimetics last reported its December 2023
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GLYC
News
- GlycoMimetics, Inc. (NASDAQ: GLYC) is now covered by analysts at StockNews.com. They set a "sell" rating on the stock.MarketBeat
- Uproleselan's failed Phase III AML trial shakes up GlycoMimetics' future [Yahoo! Finance]Yahoo! Finance
- GlycoMimetics, Inc. (NASDAQ: GLYC) was downgraded by analysts at Capital One Financial Co. from an "overweight" rating to an "equal weight" rating.MarketBeat
- GlycoMimetics reports data from Phase III AML treatment trial [Yahoo! Finance]Yahoo! Finance
- GlycoMimetics to Report First Quarter 2024 Financial Results on May 9, 2024Business Wire
GLYC
Earnings
- 5/9/24 - Miss
GLYC
Analyst Actions
- 3/27/24 - HC Wainwright
GLYC
Sec Filings
- 5/9/24 - Form 10-Q
- 5/8/24 - Form SC
- 5/6/24 - Form 8-K
- GLYC's page on the SEC website