We're Hopeful That Jumia Technologies (NYSE:JMIA) Will Use Its Cash Wisely [Yahoo! Finance]
Jumia Technologies AG American Depositary Shares, each representing two Ordinary Shares (JMIA)
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Source: Yahoo! Finance
But while history lauds those rare successes, those that fail are often forgotten; who remembers Pets.com? In light of its strong share price run, we think now is a good time to investigate how risky Jumia Technologies' cash burn is. 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. First, we'll determine its cash runway by comparing its cash burn with its cash reserves. See our latest analysis for Jumia Technologies How Long Is Jumia Technologies' Cash Runway? 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. As at December 2023, Jumia Technologies had cash of US$121m and no debt. Looking at the last year, the company burnt through US$76m. That means it had a cash runway of around 19 months as of December 2023. That's not too bad, but it's fair to say the end of the cash runway
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JMIA
News
- The past five years for Jumia Technologies (NYSE:JMIA) investors has not been profitable [Yahoo! Finance]Yahoo! Finance
- Jumia to Announce First Quarter 2024 Results on May 7, 2024 [Yahoo! Finance]Yahoo! Finance
- Jumia to Announce First Quarter 2024 Results on May 7, 2024Accesswire
- Are Retail-Wholesale Stocks Lagging Jumia Technologies (JMIA) This Year? [Yahoo! Finance]Yahoo! Finance
- Are Retail-Wholesale Stocks Lagging J.Jill (JILL) This Year? [Yahoo! Finance]Yahoo! Finance
JMIA
Sec Filings
- 3/28/24 - Form 20-F
- 3/28/24 - Form 6-K
- 2/15/24 - Form 6-K
- JMIA's page on the SEC website