BB's Stock Haven

[palob]

ELTP_ GET IN AT THE BOTTOM!!!!
$15 million in milestones timed and frontloaded as they are, provides us with much needed funding for the continued and expedited development of additional Abuse-Deterrent opioid products
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Just a few more quick points on our financials, if you look at our cash flow statement you’ll see we’re reporting an operating cash burn of $15.1 million and also our P&L statement shows $14.8 million in R&D expense. So, if you put these two numbers together, this statement show that the cash burn is due to the R&D costs, not really a surprise there. These R&D costs are however starting to really pay off for us.
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Our working capital was $7.3 million, our cash-on-hand was $7.5 million and all of our liabilities including the New Jersey Economic Development bonds were in compliance. So all of the defaults of the past has been resolved, they are all in the past.
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We had record revenues for the second straight year, we booked $5 million for the first time, our generic products continue to perform well and we still have a robust pipeline to provide future increases and expansion.
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