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Love to hear they are cutting fat and I don’t think that means they are slowing down on aesthetic side. They just need to be way more cost effective.
After they slash the price, Daxxify is really a no brainer product to sell, word of mouth will do the job hundreds of sales do
Funny how you make a baseless claim and ask others to provide data
Maybe u should provide data for your own claim first?
If RHA and Daxxify get 10 percent of US market, that would be close to 500mm of annual sales
RHA is close to 10 percent already, maybe it can get to 15 percent next year?
Daxxify probably will get up to 5 to 7 percent this year? Then, 10 percent next?
That’s excluding CD and ex US sales
Current EV is 500mm
Lots of option value alone
So I guess the company is not going under in the next couple weeks at least lol
Same but still sucks to see it drop day after day
And no one will buy $RVNC for a mere $500mm
At least Daxxify is approved lol
Have to wonder why the market doesn’t willing to give RVNC at least a few quarters
They are granting market share and getting into more accounts
If you net out RHA, market is paying zip for Daxxify, a drug that’s best in class in a 5 billions plus market
So he made some dumb decisions, I think we all got that
But the question is what does RVNC worth with Foley
I bet more than 500mm EV?
The BOD is even worse, at least Foley has some skin in the game
BOD just sit around doing nothing but collecting pay checks lol
I think quite a bit, I always try to help clarify things when I see IG posts like that.
Also still some posts said Daxxify is twice as expensive as Botox, also left a message on those to say it's not true anymore.
Every bit helps.
You maybe the only one here to have shares that are not underwater.
Let's celebrate before it's too late LOL.
It would be pretty stupid of them to not update their annual guidance when they announced their q1 if they don’t have absolute confidence
I think the volatility is fair given the potential upside but still suck to see it drop everyday without any news.
I don't see anything out there that would warrant the drop.... but yet.. it just keep dropping...couple hundreds millions in the bank. Debt not due in ~3 years. Growing sales and market share.. Why such a sell off.
I agree, but the drop is extreme and it has been pretty much non-stop. So I understand and share the frustration many share here.
If you are not selling or not buying, don’t bother by it
But yes, it’s unreal
To start he paid 6.95 for 30k shares like couple months ago lol
But he sold quite a bit at 20s
He can probably work with some funds to do a buyout soon
Foley has one million plus shares
He is loaded but 40 millions paper losses probably hurt his feeling too
I figure he will work hard to re coup his losses too
One day, we wake up and see RVNC is being bought by a big pharm for billions or maybe it formed a partnership with one for hundreds of millions upfront, and we just sit around collecting royalty.
We can all dream
But I won’t rule out the above, it could happen when we least expected too
For now, nightmare continues
Hard to believe this stock still trade at 3s
Even if you treat the stock as options with 3 years expiration period on Daxxify working out and taking significant market share, it should trade much higher
Their market share growth is there
I think that’s already happening. The blue sky scenario here is Daxxify and RHA will become the market leader in the next few years
You can do an estimation on how much each share will worth if that happens
seems just among those willing the share their holding (couple thru PMs) ... we are holding close to half a million share among the board members. Wont be surprised to see as high as 5%+ total holdings.
>> 3% necessary for representation vote.
Could you explain what's this about?
I own a bit more and with higher cost. Have been adding here and there. Will add what next couple years bring. Worst case is a zero, blue sky scenario is many folds higher from here.
For those willing to share. How many shares do you guys own?
My capital has been adding too
It’s ugly but couldn’t resist the potential upside
And the drug IS working
Seems they are one of the subscribers to the recent offering.
Avg cost: $6.42...
0.05% of their holdings.
Hope they will average down.
30 percent for CD, right? 30 percent overall would be crazy
I think that’s because RHA was the one that did worse than their own expectations
Daxxify Q1 was better than q4 volume wise so it’s bad to begin with
The headline was a miss, 59 vs 51 actual
But the CC was actually not bad, they mentioned April and first part of May was doing well.
And sales can now focus more on cross selling and new accounts acquisition rather than just fixing the premium price issue
They actually also gave reference to last q1 q2 growth rate (which was almost 50 percent)
Too early to really tell but pps priced for much worse I think
Dew, do you see anything in the CC that warrants the sell off?
Yeah, they need about 21% per quarter to hit the 280mm guidance if we assume linear growth.
Last year, RHA revenue was 128mm, if we assume 15% yoy growth, RHA will around 147mm, leaving 133mm gap for Daxxify to fill.
Last year Daxxify sales was 84mm, they will need 60% YoY growth to get to 133mm sales. Just for discussion sake, that's 30% in next 3 quarters.
>> Do you see that happening?
Yes, I think it's do-able but I am obviously biased here. The key here is whether Launch 2.0 will have similar momentum as the initial launch. Last year, the Daxxify growth rate was 45% Q2 vs Q1 - so 30% is not a wildest dream.
Note: I am deeply underwatered here so ...
I think the market is in general very pessimistic and skeptic toward RVNC
Seems not many believe they can hit this years guidance and become cash flow positive next year
Need a few quarters of executions to turn the tide
But overall I think this will start to trade better into the Summer just because I expect most non believers would be out by now
Yes todays drop seems extreme but who know, this stock has lots of haters.
The eventual bounce will be awesome and extreme as well.
You seems to be a good bottom fisher, mind to share what other stocks you own or waiting or own?
Yes, that's exactly what I mean, you are very risk-averse investor (not a bad thing).
You assume they can't get to positive EBITDA next year even they have the better drug and they have just re-iterated their guidance.
You assume they will continue to burn cash and you assume they will have to raise in $2 pps because well, it's $3 now.
I wouldn't invest a dime in this name if I think like you do.
But obviously, I have different assumptions.
So just curious, why you keep positing here if you don't even an investment case? I almost never post on any stock board if I don't have financial interest on.
Well, what a nice way to end a week.
All the pre-earning up moves are gone in a day
Now we wait for Q2.
No one will get rock bottom price when all things are lined up. Investing in RVNC is taking on some risk, probably higher risk than many can handle. So I won’t suggest my grandma to go all in this name.
But the upside wheb things start to line up is huge.
After all, I think that’s why so many that said this name is not investable, are still hanging around here
Not like they get paid to post
It’s easy to call the shot after the fact.
I would have sold or shorted too if I knew
But at least I didn’t lie about my motive here.
I am losing money in this stock so far here but at least I am not losing my integrity here by posting lies
The problem is not many believe it now.
Fun fact is the lower street target is 1.5x the current price.
I think the market is wrong but I am the one paying for it.