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Re: DewDiligence post# 220334

Saturday, 11/03/2018 4:16:00 PM

Saturday, November 03, 2018 4:16:00 PM

Post# of 257242
RVNC’s pro forma cash at 9/30/18=$189.6M, a decrease of $30.9M since 6/30/18 (#msg-142680995). The 3Q18 pro forma cash burn of $30.9M was slightly less than the 2Q18 pro forma cash burn of $32.6M (ibid).

The $189.65M figure (above) consists of: $215.9M of current assets on the 9/30/18 balance sheet (https://www.sec.gov/Archives/edgar/data/1479290/000147929018000108/rvncq31810q.htm#s812A80898FC7574891DB0B51EECBF035 ); less $26.4M of current and non-current liabilities on the 9/30/18 balance sheet—excluding the “deferred revenue” lines and the “Medicis derivative” line, which are accounting artifacts rather than bona fide liabilities.

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