Since it has a market capitalisation of US$169m, Ikena Oncology's US$68m in cash burn equates to about 40% of its market value. You can see how its cash balance has changed over time in the image below. A runway of this length affords the company the time and space it needs to develop the business. Therefore, from March 2022 it had 3.1 years of cash runway. In the last year, its cash burn was US$68m. When Ikena Oncology last reported its balance sheet in March 2022, it had zero debt and cash worth US$212m. View our latest analysis for Ikena Oncology Does Ikena Oncology Have A Long Cash Runway?Ī company's cash runway is the amount of time it would take to burn through its cash reserves at its current cash burn rate. First, we'll determine its cash runway by comparing its cash burn with its cash reserves. 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. So, the natural question for Ikena Oncology ( NASDAQ:IKNA) shareholders is whether they should be concerned by its rate of cash burn. But while history lauds those rare successes, those that fail are often forgotten who remembers ? For example, although software-as-a-service business lost money for years while it grew recurring revenue, if you held shares since 2005, you'd have done very well indeed. This solution is available as a standalone solution or as part of the Kinesense Enterprise Solution.We can readily understand why investors are attracted to unprofitable companies. When there is a potential match, it will be highlighted to the analyst. These faces are then compared to a known database of suspects or person of interest which have been enrolled into the suspect database. The solution can analyse video to find all faces in the video. The solution finds and extracts faces in the video. Identify a suspect by finding matches against the watch list database. Automatically find and extract faces in video to save time reviewing footage. Kinesense Face Detection & Face Recognitionįace detection, matching and recognition is just one of the analytic modules that can be added on to the Kinesense Video Investigation Solution.
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