Latest news with #PXS
Yahoo
9 hours ago
- Business
- Yahoo
Provexis (LON:PXS) Is In A Strong Position To Grow Its Business
There's no doubt that money can be made by owning shares of unprofitable businesses. For example, biotech and mining exploration companies often lose money for years before finding success with a new treatment or mineral discovery. Having said that, unprofitable companies are risky because they could potentially burn through all their cash and become distressed. Given this risk, we thought we'd take a look at whether Provexis (LON:PXS) shareholders should be worried about its cash burn. For the purpose of this article, we'll define cash burn as the amount of cash the company is spending each year to fund its growth (also called its negative free cash flow). We'll start by comparing its cash burn with its cash reserves in order to calculate its cash runway. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. You can calculate a company's cash runway by dividing the amount of cash it has by the rate at which it is spending that cash. In September 2024, Provexis had UK£478k in cash, and was debt-free. Looking at the last year, the company burnt through UK£113k. So it had a cash runway of about 4.2 years from September 2024. A runway of this length affords the company the time and space it needs to develop the business. The image below shows how its cash balance has been changing over the last few years. See our latest analysis for Provexis Although Provexis had revenue of UK£1.2m in the last twelve months, its operating revenue was only UK£1.2m in that time period. We don't think that's enough operating revenue for us to understand too much from revenue growth rates, since the company is growing off a low base. So we'll focus on the cash burn, today. Notably, its cash burn was actually down by 74% in the last year, which is a real positive in terms of resilience, but uninspiring when it comes to investment for growth. Of course, we've only taken a quick look at the stock's growth metrics, here. This graph of historic revenue growth shows how Provexis is building its business over time. There's no doubt Provexis' rapidly reducing cash burn brings comfort, but even if it's only hypothetical, it's always worth asking how easily it could raise more money to fund further growth. Companies can raise capital through either debt or equity. Commonly, a business will sell new shares in itself to raise cash and drive growth. By comparing a company's annual cash burn to its total market capitalisation, we can estimate roughly how many shares it would have to issue in order to run the company for another year (at the same burn rate). Since it has a market capitalisation of UK£16m, Provexis' UK£113k in cash burn equates to about 0.7% of its market value. So it could almost certainly just borrow a little to fund another year's growth, or else easily raise the cash by issuing a few shares. As you can probably tell by now, we're not too worried about Provexis' cash burn. For example, we think its cash runway suggests that the company is on a good path. But it's fair to say that its cash burn reduction was also very reassuring. Looking at all the measures in this article, together, we're not worried about its rate of cash burn, which seems to be under control. Taking a deeper dive, we've spotted 4 warning signs for Provexis you should be aware of, and 1 of them is a bit concerning. If you would prefer to check out another company with better fundamentals, then do not miss this free list of interesting companies, that have HIGH return on equity and low debt or this list of stocks which are all forecast to grow. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
31-05-2025
- Business
- Yahoo
Pyxis Tankers price target lowered to $9 from $10 at Alliance Global Partners
Alliance Global Partners lowered the firm's price target on Pyxis Tankers (PXS) to $9 from $10 and keeps a Buy rating on the shares. The firm notes the company reported adjusted Q1 EBITDA of $3.5M, which was lower than its estimate of $4.4M mainly due to softer tanker and dry bulk TCE revenue and TCE rates. Alliance Global expects a firmer year in 2026, but its full year 2026 EBITDA estimate moves to $24.5M from $27.9M. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See today's best-performing stocks on TipRanks >> Read More on PXS: Disclaimer & DisclosureReport an Issue Pyxis Tankers reports Q1 EPS 7c vs 30c last year Pyxis Tankers (PXS) Q1 Earnings Cheat Sheet Pyxis Tankers announces loan commitment for potential fleet expansion Pyxis Tankers Schedules 2025 Shareholders Meeting for Director Election Pyxis Tankers to Release 2024 Financial Results Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
04-04-2025
- Business
- Yahoo
Pyxis Tankers Full Year 2024 Earnings: Misses Expectations
Revenue: US$51.5m (up 13% from FY 2023). Net income: US$9.62m (down 73% from FY 2023). Profit margin: 19% (down from 80% in FY 2023). The decrease in margin was driven by higher expenses. EPS: US$0.91 (down from US$3.39 in FY 2023). This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. All figures shown in the chart above are for the trailing 12 month (TTM) period Revenue missed analyst estimates by 3.0%. Earnings per share (EPS) also missed analyst estimates by 22%. The primary driver behind last 12 months revenue was the Tanker Vessels segment contributing a total revenue of US$38.4m (75% of total revenue). The most substantial expense, totaling US$7.10m were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how PXS's revenue and expenses shape its earnings. Looking ahead, revenue is forecast to stay flat during the next 2 years compared to a 2.5% decline forecast for the Shipping industry in the US. Performance of the American Shipping industry. The company's shares are down 11% from a week ago. It's necessary to consider the ever-present spectre of investment risk. We've identified 4 warning signs with Pyxis Tankers (at least 1 which shouldn't be ignored) , and understanding them should be part of your investment process. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
