"I also can't reconcile the IQVIA numbers for Nextstellis presented in slide 11 vs the demand numbers presented in February eg in February it was reported that the Nov, Dec, Jan demand numbers were 38k, 40k,44k but now the IQVIA numbers for the same months are 34k, 36.4K, 36.4K. If they keep changing what is being reported, it is difficult to assess whether Nextstellis is growing at an acceptable rate. However the April IQVIA growth from March is pleasing."
Good post Hadrian, and pretty much what I was attempting to draw your attention to a few months ago. There is still significant ?'s about the numbers reported and the way (much better than previous management mind you) - and again - you can see they've included a significant increase in April (the last month in the graph) - doing exactly what they did in the 1H actuals. This is to cushion the market and show growth higher (??) than reality. It doesn't fool when forecasting over the longer term, and that's why we are seeing what we are seeing today.
1. Market growth of Nextstellis hasn't maintained Dec23 - Jan24 levels (6.5%). (About 1% Jan-Mar, 2.5% with Apr) 2. We are still burning cash!! Can say it is restructure or one-off costs, but that cash needs to come from somewhere. Until this is turned around it is completely understandable that MYX preserve.
For those believers - especially in Nextstellis - days like today offer opportunity.... GLTA
MYX Price at posting:
$6.41 Sentiment: Hold Disclosure: Held
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