Amarin Corp Plc (AMRN)

[HDGabor]

I read a lot of calculation regarding breakeven script number. Unfortunatelly these were wrong: the operational breakeven is at app. 25k script / week.

- wholesale price is not interesting. The "real" price after discount, etc is around $126/script (fyi: Q42013CC, Michael James Farrell - Controller: "As has been previously discussed, our revenues have been recorded based on the sell-through method, and our gross to net price adjustments include certain launch year-related factors, which resulted in a lower net price per capsule than the approximately $1.25 net price per capsule that we anticipate achieving over time.")

- Don't forget the COGS! Gross Margin with 65% (after KOWA fee) is $81,8 / script

- The current 32M OPEX should be decreased to 26,8M for 25k script. (with current OPEX the breakeven is 30,3k script / week)

and it's the operational breakeven. All interest, etc payment are top of of it, so additional scripts are necessary to cover.