Here's Why We're Not At All Concerned With Y-mAbs Therapeutics' (NASDAQ:YMAB) Cash Burn Situation [Yahoo! Finance]
Y-mAbs Therapeutics, Inc. (YMAB)
Last y-mabs therapeutics, inc. earnings: 11/13 04:01 pm
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Source: Yahoo! Finance
done very well over the last year, with the share price soaring by 154%. But the harsh reality is that very many loss making companies burn through all their cash and go bankrupt. In light of its strong share price run, we think now is a good time to investigate how risky Y-mAbs Therapeutics' cash burn is. For the purposes of this article, cash burn is the annual rate at which an unprofitable company spends cash to fund its growth; its negative free cash flow. Let's start with an examination of the business' cash, relative to its cash burn. Check out our latest analysis for Y-mAbs Therapeutics Does Y-mAbs Therapeutics Have A Long Cash Runway? A company's cash runway is calculated by dividing its cash hoard by its cash burn. When Y-mAbs Therapeutics last reported its balance sheet in September 2023, it had zero debt and cash worth US$87m. In the last year, its cash burn was US$28m. So it had a cash runway of about 3.1 years from September 2023. A runway of this length affords t
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YMAB
News
- Y-mAbs Reports First Quarter 2024 Financial Results and Recent Corporate Developments [Yahoo! Finance]Yahoo! Finance
- Y-mAbs Reports First Quarter 2024 Financial Results and Recent Corporate DevelopmentsGlobeNewswire
- Y-mAbs to Announce First Quarter 2024 Financial and Operating Results on May 7, 2024GlobeNewswire
- Y-mAbs to Present at 2024 ASCO Annual Meeting [Yahoo! Finance]Yahoo! Finance
- Y-mAbs to Present at 2024 ASCO Annual MeetingGlobeNewswire
YMAB
Earnings
- 2/29/24 - Beat
YMAB
Sec Filings
- 5/7/24 - Form 10-Q
- 5/7/24 - Form 8-K
- 4/29/24 - Form 8-K
- YMAB's page on the SEC website