Despite the increase in cash burn, the company's solid cash ...
Despite the increase in cash burn, the company's solid cash runway and the analysts' forecast of reaching breakeven point suggest a positive outlook. The company's cash burn relative to its market capitalisation, which is US$1.4b, is about 1.7%, indicating that it could potentially raise more cash easily if needed.
We're Interested To See How Soleno Therapeutics (NASDAQ:SLNO) Uses Its Cash Hoard To Grow
Disclaimer: The above information does not represent the views of Moomoo Technologies Inc. (MTI) or constitute investment advice related to MTI and its affiliates.
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