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Here's Why We're Not Too Worried About Applied Therapeutics' (NASDAQ:APLT) Cash Burn Situation

By Yahoo! Finance   |   Jun 26, 2024 at 09:10 AM EST
Here's Why We're Not Too Worried About Applied Therapeutics' (NASDAQ:APLT) Cash Burn Situation

Despite being unprofitable, Applied Therapeutics' stock has surged 244% in the last year, raising concerns about its cash burn. With a cash runway of 2.2 years and increasing cash burn, investors must monitor its growth and ability to raise more capital.

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