Elite Pharmaceuticals Inc (ELTP): Revenues have consistently increased, bu...

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Elite Pharmaceuticals Inc (ELTP)

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Re: Couch post# 260528

Sunday, 06/11/2017 2:47:21 PM

Sunday, June 11, 2017 2:47:21 PM

Revenues have consistently increased, but at a significantly decreasing rate. Last quarter barely eeked out a 6% y/y increase. It was the 2nd consecutive quarter blaming timing of shipping. When companies blame timing, they have lost focus on operational & top line improvements.

I would not be surprised to see a revenue decrease compared to last year.

Perhaps the backlogged demand in Trimipramine saved the day? Lol

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