We're Keeping An Eye On Surrozen's (NASDAQ:SRZN) Cash Burn Rate [Yahoo! Finance]
Surrozen, Inc. (SRZN)
Company Research
Source: Yahoo! Finance
listing, if you had bought and held the shares since 1999, you would have made a fortune. Having said that, unprofitable companies are risky because they could potentially burn through all their cash and become distressed. So, the natural question for Surrozen NASDAQ:SRZN ) 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. See our latest analysis for Surrozen How Long Is Surrozen's 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. In September 2023, Surrozen had US$43m in cash, and was debt-free. Looking at the last year, the company burnt through US$34m. Therefore, from September 2023 it had roughly 15 mon
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News
- Surrozen Publishes Study in 'Respiratory Research' Demonstrating the Promise of a Wnt Mimetic Antibody in Treating Pulmonary Fibrosis [Yahoo! Finance]Yahoo! Finance
- Surrozen Publishes Study in 'Respiratory Research' Demonstrating the Promise of a Wnt Mimetic Antibody in Treating Pulmonary FibrosisGlobeNewswire
- Surrozen Announces Safety, Pharmacodynamic and Liver Function Data for SZN-043 [Yahoo! Finance]Yahoo! Finance
- Surrozen Announces up to $192.5 Million Private Placement of Securities Priced At-the-Market Under Nasdaq Rules [Yahoo! Finance]Yahoo! Finance
- Surrozen Announces Safety, Pharmacodynamic and Liver Function Data for SZN-043GlobeNewswire
SRZN
Earnings
- 11/8/23 - Miss
SRZN
Sec Filings
- 4/26/24 - Form 4
- 4/26/24 - Form 4
- 4/26/24 - Form 4
- SRZN's page on the SEC website