HI,Floydes was onto it yesterday when he said "I wish it was...

HI,
Floydes was onto it yesterday when he said "I wish it was numbers instead of percentages". Also, Paul Maclenan changed from talking about unit sales in the Half Year Report to revenue in the Brevagen Update. The picture would be clearer if he continued to talk about unit sales.

I have used information from Half Year Report as well as the Brevagen Credentialing Update to work out the numbers behind the update. I assume that a unit sold in June- December 2011 is the same price as a unit sold January- April 2012. There may be other information assumed but not identified.

Units sold in July-December 2011 (A) is 125
Revenue in January-April 2012 is 63% of total sales
Revenue in April is 48% higher than YTD monthly average
Test unit sales for months January- April 2012 (B)
Total Units (T)

125=.37% x T
Therefore (T) Total units sold is 337

B=T-A
Therefore unit sales for January- April 2012 is 212

The YTD monthly average is 33.7

April Sales are 48% greater than the YTD monthly average which is 16 units. Total sales in April is therefore 50 units.

The statistics in the quoted in the Brevagen Credentialing Update have been quoted widely in the financial press without regard for the underlying numbers.
This has been useful in creating interest in an undervalued stock.

It is clear from the reaction yesterday that interest in GT is high.

I hope the positive new flow continues.

Do your own research.