How Dangerous Is Qualigen Therapeutics’ Cash Burn?

Qualigen Therapeutics has a market capitalization of US$76 million and spent US$14 million last year, or 18 percent of its market value. As a result, we believe the company could easily raise additional capital for expansion, albeit at the cost of some dilution.

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Even though Qualigen Therapeutics ‘NASDAQ QLGN at https://www.webull.com/newslist/nasdaq-qlgn growing currency burn makes us nervous, we feel compelled to mention that we thought its cash runway was relatively promising. To summarize, based on the factors discussed in this article, we believe Qualigen Therapeutics’ cash burn is a risk. On the other hand, Qualigen Therapeutics has five warning signs (one of which is particularly unpleasant) that we believe you should be aware of.

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Fulgent Genetics, Inc. (NASDAQ: FLGT) reported fourth-quarter revenue of $295 million, an increase of over 3,400% year over year. The non-GAAP net income came in at $6.20 per share, beating analysts’ expectations of $4.02 per share.

In after-hours trading, the stock jumped 34.46 percent to $115.

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In after-hours trading, the stock fell 11.5 percent to $6.

The fourth-quarter revenues of Opiant Pharmaceuticals Inc (NASDAQ: OPNT) increased from $7.67 million in 2019 to $9.924 million in 2020. The company went from a profit of 20 cents per share to a loss of 16 cents per share. On $9.92 million in revenue, consensus estimates predicted a profit of 7 cents per share.The stock rose 5.34 percent to $14 in after-hours trading.

DermTechInc (NASDAQ: DMTK) reported $2.1 million in fourth-quarter revenue, up 33% year over year. The net loss per share increased to 43 cents from 48 cents previously. According to the company, the company expects first-quarter assay revenue to be between $1.6 and $1.9 million. In after-hours trading, the stock fell 7.95 percent to $48.77.

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