TrovaGene (NASDAQ:TROV) Will Have To Spend Its Cash Wisely [Yahoo! Finance News]
TROVAGENE (TROV)
Last trovagene earnings: 3/6 04:20 pm
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Source: Yahoo! Finance News
TrovaGene (NASDAQ:TROV) Will Have To Spend Its Cash Wisely There's no doubt that money can be made by owning shares of unprofitable businesses. 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. Nonetheless, only a fool would ignore the risk that a loss making company burns through its cash too quickly. Given this risk, we thought we'd take a look at whether TrovaGene NASDAQ:TROV Check out our latest analysis for TrovaGene How Long Is TrovaGene's Cash Runway? A company's cash runway is calculated by dividing its cash hoard by its cash burn. As at June 2019, TrovaGene had cash of US$11m and no debt. Looking at the last year, the company burnt through US$14m. Therefore, from June 2019 it had roughly 9 months of cash runway. To be frank, this kind of short runway puts us on edge, as it indicates the company must reduce its cash burn significantly, or els
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