Here's Why We're Not Too Worried About Morphic Holding's (NASDAQ:MORF) Cash Burn Situation [Yahoo! Finance]
Morphic Holding, Inc. (MORF)
Last morphic holding, inc. earnings: 11/12 04:24 pm
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Source: Yahoo! Finance
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 Morphic Holding NASDAQ:MORF ) shareholders be worried about its cash burn? In this article, we define cash burn as its annual (negative) free cash flow, which is the amount of money a company spends each year to fund its growth. We'll start by comparing its cash burn with its cash reserves in order to calculate its cash runway. See our latest analysis for Morphic Holding When Might Morphic Holding Run Out Of Money? A company's cash runway is the amount of time it would take to burn through its cash reserves at its current cash burn rate. When Morphic Holding last reported its March 2024 balance sheet in April 2024, it had zero debt and cash worth US$659m. In the last year, its cash burn was US$129m. Therefore, from March 2024 it had 5.1 years
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MORF
News
- Morphic to Participate in RBC Capital Markets Global Healthcare ConferenceGlobeNewswire
- Schrödinger, Inc. (NASDAQ:SDGR) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- MORF NEWS: Johnson Fistel has Commenced an Investigation on Behalf of Morphic Holding Company ShareholdersAccesswire
- Morphic Announces Corporate Highlights and Financial Results for the First Quarter 2024 [Yahoo! Finance]Yahoo! Finance
- Morphic Announces Corporate Highlights and Financial Results for the First Quarter 2024GlobeNewswire
MORF
Earnings
- 4/25/24 - Beat
MORF
Analyst Actions
- 3/8/24 - Canaccord Genuity
MORF
Sec Filings
- 5/3/24 - Form SC
- 4/26/24 - Form 8-K
- 4/26/24 - Form S-3ASR
- MORF's page on the SEC website