Applied DNA Sciences Inc (APDN)

[AG_stock]

CK,
we talk a lot about revenues and somewhat forget how much expenses grew over the last couple of years, ok here are the numbers:

Total expenses:
8,4M for 2012
12,2M for 2013
15M for 2014

Revenues:
1.8M for 2012
2.1M for 2013
2.7M for 2014

Net loss:
6,6M for 2012
10,1M for 2013
12,3M for 2014

Over last 3 years the cash burn-rate has almost doubled, this company spends $5 to generate $1. I have very little confidence this company will turn it around under current management.

Again, my hope is DLA mandate expansion, this is a singular event that may/should send the stock up in the sky, at least for a week or two which is when we all should cash out.

If this doesn't happen then we are all screwed, the stock will just bleed back to the penny land.

Making 1M per Q for next year will not change a damn thing. And I am not even sure they can have all 4 quarters at or above 1M.

4M revenue vs 15M expenses is not impressive at all, they would still need to do dilutive financing mid next year and this time it probably would be offered at under $2. I just don't see many reasons to be optimistic here, just waiting for the DLA wild card to play out