Here's Why We're Watching Neometals' (ASX:NMT) Cash Burn Situation [Yahoo! Finance]
NEOMETALS LTD S/ADR (RDRUY)
NASDAQ:AMEX Investor Relations:
neometals.com.au
Company Research
Source: Yahoo! Finance
lost money for years while it grew recurring revenue, if you held shares since 2005, you'd have done very well indeed. But while the successes are well known, investors should not ignore the very many unprofitable companies that simply burn through all their cash and collapse. Given this risk, we thought we'd take a look at whether Neometals (ASX:NMT) shareholders should be worried about its cash burn. For the purpose of this article, we'll define cash burn as the amount of cash the company is spending each year to fund its growth (also called its negative free cash flow). Let's start with an examination of the business' cash, relative to its cash burn. See our latest analysis for Neometals Does Neometals Have A Long Cash Runway? A company's cash runway is calculated by dividing its cash hoard by its cash burn. When Neometals last reported its December 2023 balance sheet in March 2024, it had zero debt and cash worth AU$19m. Looking at the last year, the company burnt through
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