InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,464.62
(
-0.16%
)
US TECH 100
19,229.60
(
-0.15%
)
Dow Jones
39,150.33
(
0.04%
)
Brent Oil
84.39
(
-0.72%
)
Bitcoin
64,113.08
(
-1.09%
)
Post# of 19309
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Keep Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

DewDiligence

Send PM Follow Ignore
Followers 834
Posts 119891
Boards Moderated 17
Alias Born 09/05/2002

DewDiligence

Member Level

Re: None

Monday, 08/13/2007 9:07:45 AM

Monday, August 13, 2007 9:07:45 AM

Post# of 19309
Liquidity and Cash Usage

On 7/1/07, GTC had $29.7 million of cash and marketable securities (#msg-22015291).

The guidance for cash and marketable securities on 12/31/07 is $20.7-22.7M (#msg-21929457).

Cash burn during the second half of 2007 year is expected to be less than during the first half of 2007 because: i) ATryn inventory was built up during the first half; and ii) Increased partner revenues are expected (#msg-22015291).

GTC has approximately $9M of debt in the form of a loan from GE Capital. The repayment terms are set forth in #msg- 21558626.

Last but not least, GTC expects that its cash is sufficient to last into the second half of 2008 (#msg-22015291). Of course, up-front fees and milestones from new partnerships could render this whole issue moot.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

Public Reply Private Reply New Post
Keep Last Read
Keep Last Read Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up