Elite Pharmaceuticals Inc (ELTP): Seems you're confused by the terms REVEN...

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Elite Pharmaceuticals Inc (ELTP)

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Re: A deleted message

Wednesday, 05/03/2017 2:56:04 PM

Wednesday, May 03, 2017 2:56:04 PM

Seems you're confused by the terms REVENUE and SALES

Revenues will be off this year by at least $2-3million, so that kinda puts things in perspective

What do SALES have to do with this? Yes, there seems to be some confusion on your part as I was under the impression we were all (including the CFO) talking about REVENUES.

So. . .I ask again, are one time milestone payments considered to be a normal, annual revenue for a company? Let me answer this. . .no they are not.

I suppose what the CEO stated at last call about Elite annualizing at about 10M annual rate is BS then!! lol

When the milestone payments are not included (as they should not be), then, yes, the approx. 10mil annual revenues as stated by Nasrat are applicable. But to say, revenues will be off by 2-3 mil is wrong.

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