We're Not Very Worried About Immuron's (ASX:IMC) Cash Burn Rate [Yahoo! Finance]
Immuron Limited - American Depositary Shares (IMRN)
US:NASDAQ Investor Relations:
immuron.com/investor-centre/business-overview
Company Research
Source: Yahoo! Finance
listing, if you had bought and held the shares since 1999, you would have made a fortune. But the harsh reality is that very many loss making companies burn through all their cash and go bankrupt. So, the natural question for Immuron ASX:IMC ) shareholders is whether they should be concerned by its rate of cash burn. 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. See our latest analysis for Immuron When Might Immuron Run Out Of Money? A cash runway is defined as the length of time it would take a company to run out of money if it kept spending at its current rate of cash burn. When Immuron last reported its December 2023 balance sheet in February 2024, it had zero debt and cash worth AU$16m. In the last year, its cash burn was AU$3.6m. That means it had a cash runway of
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News
- Immuron to host Live Virtual Event [Yahoo! Finance]Yahoo! Finance
- Immuron to host Live Virtual EventGlobeNewswire
- Immuron Travelan® sales continued strong growthGlobeNewswire
- Immuron Presentation Australian Biologics Festival 2024GlobeNewswire
- Immuron achieves record Travelan® sales [Yahoo! Finance]Yahoo! Finance
IMRN
Sec Filings
- 4/23/24 - Form 6-K
- 4/15/24 - Form 6-K
- 4/10/24 - Form 6-K
- IMRN's page on the SEC website