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Stock impact report

We're Interested To See How Perma-Fix Environmental Services (NASDAQ:PESI) Uses Its Cash Hoard To Grow [Yahoo! Finance]

Perma-Fix Environmental Services, Inc. (PESI) 
US:NASDAQ Investor Relations: perma-fix.com
Company Research Source: Yahoo! Finance
So should Perma-Fix Environmental Services NASDAQ:PESI ) shareholders be worried about its cash burn? In this report, we will consider the company's annual negative free cash flow, henceforth referring to it as the 'cash burn'. First, we'll determine its cash runway by comparing its cash burn with its cash reserves. Does Perma-Fix Environmental Services Have A Long Cash Runway? 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. As at June 2023, Perma-Fix Environmental Services had cash of US$4.8m and no debt. Importantly, its cash burn was US$421k over the trailing twelve months. That means it had a cash runway of very many years as of June 2023. While this is only one measure of its cash burn situation, it certainly gives us the impression that holders have nothing to worry about. Depicted below, you can see how its cash holdings have changed over time. How Well Is Perma-Fix Environmental Services Grow Show less Read more
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