Hi guys
I didn't listen to the call however as an accountant I suggest the increase in deferred revenue is a good thing - up by $7.7m to $24.8m.
This suggests to me that whilst it could include $5m from Abbvie it also represents receipts from othe customers relating to future supply obligations. Prepayments effectively. Should be a positive indicator of future cash inflows.
I too have hung around for years and I am sometimes not sure why.... Fingers crossed H2 2015 has a few tricks to play out.
GLTA.
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