I suspect there will be a tree shake today of sorts. Always seems to be after the reporting of financials.
I am not a finance expert, but I do note that most operating expenses are down with the exception of manufacturing, which is up $9 mil. My reading of that is as a bullish sign from the company. The other item that is up is the financing expenses, but I see that as a necessary evil for the next 12 months until revenue starts rolling in. If we're prepared to ride it out, better than diluting with a cap raise. In any event 9 months of net cash outflow was just under 39 mil with 70 mil in cash reserve. As Bennybeenymay says, that may gives us a decent runway.
The one thing I would like to point out (other than the obvious 'advanced' discussion re: partnership) is the timeline for FDA meeting for Revascor in regards to End Stage Heart Failure. Previously identified as a 1HCY19 milestone, but the timing has been removed and the wording is to 'schedule' not 'scheduled'. That is probably the only disappointment for me.
DYOR.
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Last
92.5¢ |
Change
0.005(0.54%) |
Mkt cap ! $1.056B |
Open | High | Low | Value | Volume |
93.0¢ | 93.5¢ | 91.5¢ | $1.473M | 1.596M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 32370 | 92.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
93.0¢ | 60258 | 5 |
View Market Depth
No. | Vol. | Price($) |
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1 | 32370 | 0.925 |
9 | 98847 | 0.920 |
20 | 130822 | 0.915 |
15 | 194562 | 0.910 |
7 | 97027 | 0.905 |
Price($) | Vol. | No. |
---|---|---|
0.930 | 60258 | 5 |
0.935 | 28119 | 2 |
0.940 | 20797 | 3 |
0.945 | 59774 | 3 |
0.950 | 26619 | 3 |
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