---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/36244897.md"
description: "But don't forget, this is a money-burning company."
datetime: "2025-11-11T15:22:45.000Z"
locales:
  - [en](https://longbridge.com/en/topics/36244897.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/36244897.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/36244897.md)
author: "[輸棟樓的韭菜](https://longbridge.com/en/profiles/10647684.md)"
---

# But don't forget, this is a money-burning company.…


### Related Stocks

- [ARCT.US](https://longbridge.com/en/quote/ARCT.US.md)

## Comments (5)

- **砺身济世 · 2025-11-11T15:35:16.000Z · 👍 2**: If it's in the early stages of the pipeline, cash is generally used as a pessimistic valuation, but ARCT has a commercialized COVID-19 vaccine, so even the pessimistic valuation seems low. The actual commercial value of its pipeline is not significant—the number of patients is not large, as it's a r
- **余哥稳又富 · 2025-11-11T15:29:40.000Z · 👍 1**: How is the RXRX that the boss bought?
  - **輸棟樓的韭菜** (2025-11-11T15:35:03.000Z): Just added a position
- **阿米巴星人 · 2025-11-11T15:25:33.000Z · 👍 1**: By the way, where did the cash on the books come from? Was it from previous profits?
  - **輸棟樓的韭菜** (2025-11-11T15:27:32.000Z): I remember it was an IPO financing