CytoSorbents Corporation (CTSO)

[orangecat]

Tech, as always, great detailed info. I agree it is a great Q report, like all the others before, excluding the sales force reorganization one. I think most retail investors have been expecting a big partner to ramp up at some time and see Q sales increase larger than 15-20%. That has not happened yet. I get that we have no large scale studies for the sales forces can point to, so we are hoping FDA approval will get us that exponential sales increase. So that is supposed to be about 2.5 years out.

Dr. Chan said "I think that the new facility at full capacity is expected to be able to produce roughly $80 million in sales, product sales. And so I think that we fully expect to get there in the next several years, I think, next three to five years."

Enter 5.2 x 1.18 in your calculator. You have to hit equals 16 time to get close to 80. 15 quarters, 4 years. So they are expecting around 18% quarter over quarter sales increase even with a possible FDA approval around 2.5 years down the road? It would make sense if they could not sell anything until FDA approval, but 2.5 years down the road they should have a large established sales infrastructure in 50+ other countries already.

Yes, after a decade following the company, that statement and number frustrates me.