We’re Keeping An Eye On CollPlant Biotechnologies’ (NASDAQ:CLGN) Cash Burn Rate
Just because a business does not make any money, does not mean that the stock will go down. By way of example, CollPlant Biotechnologies (NASDAQ:CLGN) has seen its share price rise 156% over the last year, delighting many shareholders. Nonetheless, only a fool would ignore the risk that a loss making company burns through its cash too quickly.
So notwithstanding the buoyant share price, we think it’s well worth asking whether CollPlant Biotechnologies’cash burn is too risky In this report, we w…
