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Post by myocat on Feb 25, 2020 11:00:23 GMT -5
The share price is dropping after seems to be a good 4qtr conf call. So what is the problem?
Is it the CASH, Revenue or Profit margin (Gross Profit $3.1 million)?
2019 Total Revenue of $63.0 million
° 2019 Afrezza Net Revenue of $25.3 million; +46% vs. 2018
° 2019 Collaborations and Services Revenue of $37.7 million; +257% vs. 2018
4Q 2019 Total Revenue of $16.0 million
° 4Q 2019 Afrezza Net Revenue of $7.8 million; +35% vs. 4Q 2018
▪ 4Q 2019 Afrezza Net Revenue grew 22% vs. 3Q 2019
▪ 4Q 2019 Afrezza Gross Profit $3.1 million; 40% Gross Margin
° 4Q 2019 Collaborations and Services Revenue of $8.2 million; -20% vs. 4Q 2018
$50.2 million of Cash, Cash Equivalents, Restricted Cash, and Short-term Investments at December 31, 2019
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Post by agedhippie on Feb 25, 2020 11:12:22 GMT -5
The share price is dropping after seems to be a good 4qtr conf call. So what is the problem? Is it the CASH, Revenue or Profit margin (Gross Profit $3.1 million)? .... ▪ 4Q 2019 Afrezza Gross Profit $3.1 million; 40% Gross Margin While Afrezza is definitely not the whole picture on the revenue side the answer in to look at the SG&A line. SG&A alone is $15.7M, Afrezza profit is $3.1M. There's a big gap there. Interestingly the UTHR side had higher revenue last quarter and lower cost (plus it doesn't need a salesforce)
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Post by ktim on Feb 25, 2020 17:36:59 GMT -5
A few very reasonable explanations, but all probably also have to do with the fact the share price ran up a lot in past months. Given that...
- People hype the CC calls that something amazing will be "revelaed". Even Nate was talking about "behind the scenes" things being revealed. So existing investors prone to such may buy into the hype, or new speculative investors seeing such discussions place their bets. Then there is pullback when it is simply business as usual... i.e. slow improvement in a turnaround story.
- General state of market hitting small speculative stocks heavily.
- Cash situation and the fact that broader financial disarray, if it occurs, could make raising money much more difficult.
Having CC during this two day plunge makes it difficult to separate these issues... probably some of all of them in reality.
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