UNS unilife corporation

Significant drop on UNiS overnight, page-7

  1. 13,958 Posts.
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    I sent an email to the company. I feel it warrants a response because the article is using some misleading information. I've made my comments on that article but I want to reiterate:

    * the article uses accrual revenue which understates what we actually earned in the first six months of 2014 (his $7M vs my $12M).

    * the article makes mention of $21M in milestones due by FY2015, conveniently ignoring what has been paid post June (i.e. commencement of sales to Hikma would have triggered a payment) and causing doubt on the timing (for the record we are due $20M in total in calendar year 2014, of which we know $7.5-10M was paid between January and June).
 
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Currently unlisted public company.

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