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Dyax Corp. (DYAX) Message Board

  • billa_from_sf billa_from_sf Jan 24, 2013 4:47 PM Flag

    DYAX cash burn rate. No need for capital raise.

    From DYAX's PR announcing Q3 financial results, dated Oct. 24, 2012:

    "Operating cash burn in the third quarter was reduced to $5 million."
    "Cash, cash equivalents and investments at September 30, 2012 totaled approximately $30.4 million."

    This is 6 quarters of cash at the current burn rate.

    In addition:

    "Dyax has re-affirmed its financial guidance for 2012 and beyond:
    "2012 top-line total revenue to be in the range of $50 - 54 million. This guidance includes KALBITOR sales of $36-40 million, which are expected to be at the upper end of this range.
    "Cash flow break-even during 2013.
    "This guidance excludes revenue and cash flow from potential new licenses or collaborations and any ex-U.S. KALBITOR sales.

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    • This had two moves of -$.20 and one of $+.20 this week. Strange trading on average daily volume. There was an obvious pattern the last quarter, with a lot of days finishing strong.

      I just can't believe this has a market cap of $300M. LFRP alone is worth more then that to a large biotech, maybe a sanofi. Lilly is in trouble and needs the cancer approvals.

      One that bothers me is the lack releases and excitement from the HQ.


      Sentiment: Strong Buy

      • 1 Reply to mccormickred
      • I have a theory that funds losing money on AAPL are selling winners to balance their losses, but I can't prove it. AAPL has stirred up the market considerably, though.

        Also, DYAX Q4 results are coming in February, so traders might be taking profit here and planning to buy back before the announcement.

        I strongly doubt that company fundamentals have anything to do with pps right now.

        Market cap of $300 million is low or high depending on how you figure it. In 6 months I think it will be low no matter how you figure it.

        Sentiment: Strong Buy

38.41+0.10(+0.26%)Jan 21 4:00 PMEST