Free cash flow takeaway
A quick read on the company's cash generation and what it means for investors.
Onconetix, Inc. generated negative free cash flow in the quarter, driven by operating cash outflows that far exceeded minimal capital spending. The cash conversion cycle remained deeply negative, with free cash flow margin steeply negative.
- Revenue was present but operating cash flow was deeply negative, and capital expenditure was negligible, resulting in free cash flow that was essentially equal to the operating cash outflow. The free cash flow margin was heavily negative, indicating that revenue generation did not cover cash costs.
- Compared to the immediately preceding quarter, operating cash flow and free cash flow were both higher in outflow, with capital expenditure also higher. Versus the same quarter one year earlier, operating cash flow and free cash flow were weaker, while capital expenditure was higher.
FCF snapshot
Quarterly and TTM cash-flow metrics with the minimum valuation context.
TTM free cash flow
-$14.4M
Trailing twelve-month free cash flow.
Quarter free cash flow
-$5.2M
Free cash flow in the selected fiscal quarter.
Operating cash flow
-$5.2M
Cash generated by operations before capital spending.
CapEx
$4578
Capital spending and related asset purchases.
FCF margin
-747.6%
The share of revenue converted into free cash flow.
Cash flow trend
A short quarterly history shows whether FCF is scaling with revenue or only spiking for one period.
| Period | Revenue | Operating CF | CapEx | FCF | FCF margin |
|---|---|---|---|---|---|
| 2023-06-30 | n/a | -$1.8M | $1481 | -$1.8M | n/a |
| 2023-09-30 | n/a | -$3.0M | $0 | -$3.0M | n/a |
| 2023-12-31 | n/a | -$4.3M | $0 | -$4.3M | n/a |
| 2024-03-31 | $700433 | -$5.2M | $4578 | -$5.2M | -747.6% |
Cash conversion quality
Checks that separate high-quality free cash flow from accounting noise or working-capital timing.
| FCF / net income | 47.1% | Shows whether accounting earnings convert into cash. |
| CapEx / revenue | 0.7% | Lower capital intensity usually supports FCF margin. |
| Net cash | n/a | Cash and equivalents minus total debt. |
Recent events shaping cash flow
Near-term business events that help explain the free cash flow result.
Sustained Operating Cash Outflow
Operating cash flow was the primary driver of the negative free cash flow, as capital expenditure was minimal. The company has incurred substantial operating losses since inception and expects to continue incurring significant operating losses for the foreseeable future, per the filing context.
Continued negative operating cash flow may pressure liquidity and raise going-concern considerations.
What the cash flow says
How to interpret the company's free cash flow beyond the headline number.
Revenue was present but operating cash flow was deeply negative, and capital expenditure was negligible, resulting in free cash flow that was essentially equal to the operating cash outflow. The free cash flow margin was heavily negative, indicating that revenue generation did not cover cash costs.
Compared to the immediately preceding quarter, operating cash flow and free cash flow were both higher in outflow, with capital expenditure also higher. Versus the same quarter one year earlier, operating cash flow and free cash flow were weaker, while capital expenditure was higher.
Monitor the trajectory of operating cash flow to assess whether cash outflows stabilize or continue to widen.