hogfan's picks

[hogfan2]

Expecting Big Revenue Ramp At ULURU In The Coming Quarters
PRO •Fri, May. 23 • ULUR•15 Comments



•ULURU is expected to launch Altrazeal in 10 countries in the Q2. We believe this will generate revenue of approximately $400k, up 4x from the Q1.
•We are expecting Altrazeal to launch in another 30 countries in the Q3 and Q4, generating revenue of approximately $1.2 million.
•Operating burn in the Q1 was only $160k. We believe the company is rapidly approaching cash flow positive operations.
•ULURU has undertaken several initiatives to improve the balance sheet, which now shows over $1.0 million in cash and $3.1 million in positive shareholder equity.
•Given the improvements in the balance sheet and the expected ramp in revenues over the next few quarters, we believe the shares are headed significantly higher by year end.