RVNC’s enterprise value at the current share price ($26.85) is only $880M, based on 41.1M fully-diluted shares (#msg-142680978) and a pro forma cash balance of $220.5M (#msg-142680995).
Note: The EV calculated above does not take into account operating cash burn since 6/30/18.
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”