Nice reading above, and there are definitely some spot on observations... The MYX announcement was interesting reading - and was good getting another opportunity to turn over the stock for some $.
On the announcement - the revenue $ is good news, once currency is considered probably not massive massive. Commentary around Woman's Health is similar to Feb 26th, 2024. Where there was a 10% MoM for Jan posted. Any similarities in how the market reacted? Identical.
Whilst not killing ourselves with $cashburn, still not $cf+ which is a kicker; especially as there are lots of liabilities in milestones which will require $cash. For the last 18 months it has been anticipated that $400m AR would be the cashflow +ive level. This is now looking North of $430m. IMO there is still a need to strip costs.
I would suggest the fizz is caution - or looking beyond just the revenue increase at details like above.
Tread with caution in your trades - actually a great gamble at these levels.... If you're bullish on the Nextstellis #'s - perhaps a buying opportunity. If you're bearish - this little gain maybe a chance to cash-out and back in after reporting (would have been better a couple days ago).
Can Nextstellis 5%+ MoM or will it disappoint?
(Yeah Yeah I get revenue is increasing and therefore sales, but referring to CF, so are expenses)
MYX Price at posting:
$5.51 Sentiment: Hold Disclosure: Held
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