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Exact(34)
New companies burn cash, and fail at alarming rates.
"The important thing here is to make money and not to burn cash," he said.
"People who burn cash and have no business model -- that game is over," he said.
It is common knowledge that these companies burn cash and need more.
The companies also burn cash on other transportation initiatives, like bikes, scooters and autonomous vehicles.
While Ford cannot continue to burn cash indefinitely, it is also not on the verge of bankruptcy like G.M. and Chrysler.
Similar(26)
With currently $600 million in cash, the company will burn its cash holdings in four or five quarters, the analyst estimates.
Cash-strapped small producers may have to defer planned investment over the next two years, or burn through cash reserves to help them survive the OPEC-US price war.
So selling them becomes an uphill battle: you burn through cash only to generate disappointing revenues.
Another plus, he said, was that his own company did not burn through cash at a fast rate.
"There are so many moving parts to this, and it's not atypical to see a company burn through cash more quickly than they anticipate".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com