Ann: Annual Report to shareholders, page-49

objectively the results are very disappointing.
and I outlined the reasons many times before.

the main reason is bad management and the fact that there is no demand for their products. 0 sales growth in 5 years....

I doubt that the FDA will make meaningful changes. they want people to wear sunscreen no matter how many chemicals they contain.
additionally, these studies going after chemical sunscreens are not that convincing.
I ve talked to several chemists and pharmacists: they don't see them as bad as ANO is presenting them.

it appears that the company has its dream scenario and builds its strategy based on it. but it isn't reality.