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DewDiligence

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Re: DewDiligence post# 201292

Thursday, 08/04/2016 4:34:28 PM

Thursday, August 04, 2016 4:34:28 PM

Post# of 257475
RVNC liquidity and cash-usage guidance:

http://finance.yahoo.com/news/revance-releases-second-quarter-2016-200500473.html

RVNC had $216.9M of cash at 6/30/16 (a reduction of $19.7M from 3/31/16).

Cash-usage guidance for 2016 has been lowered to a range of $90-100M (from the prior guidance of $105-115M) due to the discontinuation of RT001.

Inasmuch as cash burn for 1H16 has been $37.2M, the new guidance implies 2H16 burn of $53-63M, leaving a cash balance at 12/31/16 (assuming no new financing) of $154-164M.

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

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