Here's Why We're Watching Oncolytics Biotech's (TSE:ONC) Cash Burn Situation [Yahoo! Finance]
Oncolytics Biotech Inc. - Common Shares (ONCY)
Last oncolytics biotech inc. - common shares earnings: 11/12 04:00 pm
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Source: Yahoo! Finance
For example, biotech and mining exploration companies often lose money for years before finding success with a new treatment or mineral discovery. Nonetheless, only a fool would ignore the risk that a loss making company burns through its cash too quickly. So should Oncolytics Biotech TSE:ONC ) 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. First, we'll determine its cash runway by comparing its cash burn with its cash reserves. View our latest analysis for Oncolytics Biotech Does Oncolytics Biotech Have A Long Cash Runway? A company's cash runway is calculated by dividing its cash hoard by its cash burn. In September 2023, Oncolytics Biotech had CA$40m in cash, and was debt-free. Importantly, its cash burn was CA$28m over the trailing twelve months. That means it had a cash runway of around 17 months as of September 2023. Impo
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ONCY
News
- Top Five Cancer Types Dominate New US Cases as Biotech Sector Eyes $314B Market by 2032PR Newswire
- Top Five Cancer Types Dominate New US Cases as Biotech Sector Eyes $314B Market by 2032PR Newswire
- As Early-Onset Breast Cancer Cases Soar in North America and EU, Biotech Ramps Up ResponsePR Newswire
- As Early-Onset Breast Cancer Cases Soar in North America and EU, Biotech Ramps Up ResponsePR Newswire
- Oncolytics Biotech® to Host Conference Call to Discuss First Quarter Financial Results and Recent Operational Highlights [Yahoo! Finance]Yahoo! Finance
ONCY
Earnings
- 3/7/24 - Beat
ONCY
Sec Filings
- 4/30/24 - Form 6-K
- 4/25/24 - Form 6-K
- 4/12/24 - Form 6-K
- ONCY's page on the SEC website