Unilife Corp (UNIS) Redlining On Debt: Buyer Beware by Jordan S. Terry, Managing Director Stone Street Advisors LLC Since I started looking at Unilife Corp (NASDAQ:UNIS), I’ve been extremely concerned with the company’s liquidity and solvency situation. They’ve been burning through cash like it’s going out of style and operating expenses are already very high and have kept growing at a fast pace. Operating losses every year meant the company already has significant negative debt service coverage ratios (i.e. they burn cash to pay debt service rather than using operating income to pay interest/principal). At the end of the last…
Unilife Corp (UNIS) Redlining On Debt: Caveat Emptor
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