Here's Why We're Not At All Concerned With TrueCar's (NASDAQ:TRUE) Cash Burn Situation [Yahoo! Finance]
TrueCar, Inc. (TRUE)
Last truecar, inc. earnings: 2/20 04:03 pm
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Source: Yahoo! Finance
money for years before finding success with a new treatment or mineral discovery. 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. So should TrueCar NASDAQ:TRUE ) shareholders be worried about its 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 TrueCar How Long Is TrueCar'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. When TrueCar last reported its December 2023 balance sheet in February 2024, it had zero debt and cash worth US$137m. In the last year, its cash burn was US$34m. So it had a cash runway of about 4.0 years from December 2023. Import
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News
- These Cars Are The Worst Deals Right Now, According To Consumer Reports [Yahoo! Finance]Yahoo! Finance
- TrueCar to Announce First Quarter 2024 Financial Results in Stockholder Letter on April 29PR Newswire
- Diego Rodriguez Nominated to Stand for Election to TrueCar's Board of Directors at May 23, 2024 Annual Meeting [Yahoo! Finance]Yahoo! Finance
- Diego Rodriguez Nominated to Stand for Election to TrueCar's Board of Directors at May 23, 2024 Annual MeetingPR Newswire
- 4 Affordable Convertible Cars for a Luxurious Retirement [Yahoo! Finance]Yahoo! Finance
TRUE
Earnings
- 2/20/24 - Beat
TRUE
Sec Filings
- 4/15/24 - Form 4
- 4/15/24 - Form 4
- 4/12/24 - Form 8-K
- TRUE's page on the SEC website