Despite having a strong balance sheet and reduced cash burn, the risk of failure in commercialization and the absence of a clear path to profitability make this investment too risky.

The company's balance sheet consists of $381 million in cash and $18 million in debt. This results in a net cash position of $363 million which corresponds to $3.94 per share, assuming 92.1 shares ...

When CEVA last reported its December 2024 balance sheet in February 2025, it had zero debt and cash worth US$164m. In the last year, its cash burn was US$237k. That means it had a cash runway of ...

When Rallybio last reported its balance sheet in June 2021, it had zero debt and cash worth US$113m. Importantly, its cash burn was US$38m over the trailing twelve months. Therefore, from June ...

When QuantumScape last reported its December 2024 balance sheet in February 2025, it had zero debt and cash worth US$911m. Importantly, its cash burn was US$337m over the trailing twelve months.

Agenus signals near-term strategic transactions and operational cash burn target below $50M amid BOT/BAL ... and 2 BOT/BAL licensing deals," each aimed at materially strengthening the balance sheet.

To calculate “Months Before Bankruptcy” I divided the TTM FCF burn by 12, which equals monthly cash burn. I then divide Cash and Equivalents on the balance sheet through 1Q22 by monthly cash burn.

Plug’s balance sheet is constrained by the level of its cash burn relative to its financing runway. The company had nearly $300 million of unrestricted cash as of March 2025.

To calculate “Months Before Bankruptcy” I divided the TTM FCF burn by 12, which equals monthly cash burn. I then divide Cash and Equivalents on the balance sheet through 1Q22 by monthly cash burn.