We're Not Worried About Third Harmonic Bio's (NASDAQ:THRD) Cash Burn [Yahoo! Finance]
Third Harmonic Bio, Inc. (THRD)
Company Research
Source: Yahoo! Finance
Indeed, Third Harmonic Bio NASDAQ:THRD ) stock is up 137% in the last year, providing strong gains for shareholders. Having said that, unprofitable companies are risky because they could potentially burn through all their cash and become distressed. In light of its strong share price run, we think now is a good time to investigate how risky Third Harmonic Bio's cash burn is. 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. Check out our latest analysis for Third Harmonic Bio How Long Is Third Harmonic Bio's 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 December 2023, Third Harmonic Bio had cash of US$269m and no debt. Looking at the last year, the company burnt through US$21m. That means it had a cash runway of ver
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THRD
News
- Third Harmonic Bio Appoints Geoff McDonough, M.D., to its Board of Directors [Yahoo! Finance]Yahoo! Finance
- Third Harmonic Bio Appoints Geoff McDonough, M.D., to its Board of DirectorsGlobeNewswire
- Third Harmonic Bio GAAP EPS of -$2.45 misses by $1.20 [Seeking Alpha]Seeking Alpha
- Third Harmonic Bio Announces Fourth Quarter and Full Year 2023 Financial Results [Yahoo! Finance]Yahoo! Finance
- Third Harmonic Bio Announces Fourth Quarter and Full Year 2023 Financial ResultsGlobeNewswire
THRD
Sec Filings
- 4/18/24 - Form ARS
- 4/18/24 - Form DEF
- 4/18/24 - Form DEFA14A
- THRD's page on the SEC website