Will Spectrum Pharmaceuticals (NASDAQ:SPPI) Spend Its Cash Wisely? [Yahoo! Finance News]
Spectrum Pharmaceuticals, Inc. (SPPI)
Last spectrum pharmaceuticals, inc. earnings: 2/27 04:00 pm
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Source: Yahoo! Finance News
Just because a business does not make any money, does not mean that the stock will go down. For example, although software-as-a-service business Salesforce.com lost money for years while it grew recurring revenue, if you held shares since 2005, you'd have done very well indeed. Having said that, unprofitable companies are risky because they could potentially burn through all their cash and become distressed.So, the natural question forSpectrum PharmaceuticalsNASDAQ:SPPIView our latest analysis for Spectrum PharmaceuticalsDoes Spectrum Pharmaceuticals Have A Long Cash Runway?A cash runway is defined as the length of time it would take a company to run out of money if it kept spending at its current rate of cash burn. As at December 2019, Spectrum Pharmaceuticals had cash of US$224m and no debt. Looking at the last year, the company burnt through US$144m. Therefore, from December 2019 it had roughly 19 months of cash runway. Notably, analysts forecast that Spectrum Pharmaceuticals will
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