Wednesday, April 01, 2015 10:00:04 AM
Market size is increasing, distributors are increasing, sales people were increasing and time was increasing. All of these things by themselves should lead to greater sales revenue. However, CTSO stated that Q4 2014, Q1 2015 and Q2 2015 (essentially 9 FREAKING MONTHS) will be flat with revenue growth.
GUY - THAT IS ALMOST 1 YEAR OF NO REVENUE GROWTH!!!
How can that POSSIBLY BE ON A NEW BREAKTHROUGH PRODUCT? That answer is that it can't be. I have followed this stock RELIGOUSLY for 5 years. I held 6.7M shares, as shown on my Scottrade account on this very message board, for a long period of time. Yes most of that was to trade the stock and yes I did make a killing time and time over again by manipulating price on a low volume OTC stock. However, I was ALWAYS LONG AND STRONG CTSO. There may be times I was a critic, but at those times I was still a believer. Something is wrong that revenues are flat for 9 months on a new innovative product. My guess is that the products works to filter cytokines out of the blood (which it has shown to do) however, their original thesis that this would lead to faster recovery time in the ICU or less death in patients treated HAS NOT BEEN PROVEN.
Recent CTSO News
- Form 8-K - Current report • Edgar (US Regulatory) • 05/09/2024 09:23:00 PM
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- CytoSorbents to Report First Quarter 2024 Operating and Financial Results • GlobeNewswire Inc. • 04/26/2024 11:00:00 AM
- STAR-T Pivotal Trial Results to Be Featured as a Late-Breaking Presentation at the 2024 American Association for Thoracic Surgery Annual Meeting • GlobeNewswire Inc. • 04/17/2024 11:00:00 AM
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- Form 8-K - Current report • Edgar (US Regulatory) • 01/17/2024 10:20:45 PM
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