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DewDiligence

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DewDiligence

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Re: DewDiligence post# 203134

Thursday, 11/03/2016 4:17:29 PM

Thursday, November 03, 2016 4:17:29 PM

Post# of 251799
RVNC liquidity and cash-usage guidance:

http://investors.revance.com/releasedetail.cfm?ReleaseID=997573

RVNC had $201.3 of cash at 9/30/16, a reduction of $15.6M from 6/30/16.

Cash-usage guidance for 2016 has been lowered to a range of $80-90M (from the prior guidance of $90-100M). Inasmuch as cash usage during the first nine months of 2016 has been ~$53M, the new guidance implies 4Q16 cash burn of $27-37M, leaving a cash balance at 12/31/16 (assuming no new financing) of $164-174M.

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

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