We Think Optiscan Imaging (ASX:OIL) Can Afford To Drive Business Growth
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 31 2024
0mins
Source: Yahoo Finance
Optiscan Imaging's Financial Situation: Optiscan Imaging has seen a significant increase in its stock price, but it faces risks due to a high cash burn rate of AU$5.8 million against its cash reserves of AU$11 million, providing only about 23 months of cash runway.
Concerns About Cash Burn: While the company's market capitalization allows for potential fundraising through share issuance or debt, its increasing cash burn raises concerns among shareholders, warranting attention despite the overall reassuring cash burn relative to market value.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
