Oncternal Therapeutics (NASDAQ:ONCT) Will Have To Spend Its Cash Wisely [Yahoo! Finance]
Oncternal Therapeutics, Inc. (ONCT)
Last oncternal therapeutics, inc. earnings: 8/8 04:01 pm
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Source: Yahoo! Finance
listing, if you had bought and held the shares since 1999, you would have made a fortune. Nonetheless, only a fool would ignore the risk that a loss making company burns through its cash too quickly. So, the natural question for Oncternal Therapeutics NASDAQ:ONCT ) shareholders is whether they should be concerned by its rate of 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. First, we'll determine its cash runway by comparing its cash burn with its cash reserves. Check out our latest analysis for Oncternal Therapeutics How Long Is Oncternal Therapeutics' Cash Runway? A company's cash runway is calculated by dividing its cash hoard by its cash burn. In September 2023, Oncternal Therapeutics had US$40m in cash, and was debt-free. In the last year, its cash burn was US$35m. That means it had a cash runway of around 14 months as of September 2023. That's not too bad
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ONCT
News
- Oncternal Therapeutics Reports Inducement Award Under Nasdaq Listing Rule 5635(c)(4)GlobeNewswire
- Oncternal Therapeutics, Inc. (NASDAQ: ONCT) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Oncternal Announces First Patient Dosed in Fourth Cohort of Phase 1/2 Study of ONCT-534 for the Treatment of R/R Metastatic Castration-Resistant Prostate Cancer [Yahoo! Finance]Yahoo! Finance
- Oncternal Announces First Patient Dosed in Fourth Cohort of Phase 1/2 Study of ONCT-534 for the Treatment of R/R Metastatic Castration-Resistant Prostate CancerGlobeNewswire
- Oncternal Therapeutics, Inc. (NASDAQ: ONCT) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
ONCT
Earnings
- 3/7/24 - Miss
ONCT
Sec Filings
- 4/26/24 - Form ARS
- 4/26/24 - Form DEFA14A
- 4/26/24 - Form DEF
- ONCT's page on the SEC website