BOT - Anything but charting, page-6761

A company's cash runway is the amount of time it would take to burn through its cash reserves at its current cash burn rate. When Botanix Pharmaceuticals last reported its balance sheet in June 2023, it had zero debt and cash worth AU$10m. In the last year, its cash burn was AU$19m. So it had a cash runway of approximately 6 months from June 2023. That's quite a short cash runway, indicating the company must either reduce its annual cash burn or replenish its cash. However, if we extrapolate the company's recent cash burn trend, then it would have a longer cash run way. Depicted below, you can see how its cash holdings have changed over time.