risky stock as its burning cash for its operation
$Serve Robotics (SERV.US)$ How long will that $36.1 million in cash last? It's not possible to estimate because the company said it planned to use some of the IPO cash to scale up its operations. So, investors can probably expect its cash-burn rate to increase. In other words, while it burned through cash of $4.1 million running its operations in Q1 (which equates to an annual operating cash-burn run rate of just over $16 million), this number will likely be higher in Q2 and beyond.
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