We're Keeping An Eye On Incannex Healthcare's (NASDAQ:IXHL) Cash Burn Rate [Yahoo! Finance]
Incannex Healthcare Inc. (IXHL)
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. 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. So, the natural question for Incannex Healthcare NASDAQ:IXHL ) shareholders is whether they should be concerned by its rate of cash burn. In this report, we will consider the company's annual negative free cash flow, henceforth referring to it as the 'cash burn'. 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 Incannex Healthcare When Might Incannex Healthcare 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 June 2023, Incannex Healthcare had AU$33m in cash, and was debt-free. Looking at t
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IXHL
News
- Incannex Healthcare Inc. Quarterly Update, Q1 2024GlobeNewswire
- CNDB and SOND among mid-day movers [Seeking Alpha]Seeking Alpha
- Incannex Announces Positive Topline Results from Phase 2 Psi-GAD1 Clinical Trial of Psilocybin in Generalised Anxiety DisorderGlobeNewswire
- Incannex Completes Successful Pre-IND Meeting with the FDA for CannQuit-N; a Novel Solution for Tobacco Smoking CessationGlobeNewswire
- Clarion Clinics Open for Psychedelic-Assisted TreatmentsGlobeNewswire
IXHL
Sec Filings
- 4/16/24 - Form 8-K
- 3/5/24 - Form 8-K
- 2/28/24 - Form 8-K
- IXHL's page on the SEC website