BNO News: Will Bionomics (ASX:BNO) Spend Its Cash Wisely? - 6th Feb 2023, 11:02am

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We can readily understand why investors are attracted to unprofitable companies. For example, although Amazon.com made losses for many years after listing, if you had bought and held the shares since 1999, you would have made a fortune. But while history lauds those rare successes, those that fail are often forgotten; who remembers Pets.com?

So should Bionomics (ASX:BNO) shareholders be worried about its cash burn? In this report, we will consider the company's annual negative free cash flow, h...

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