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DewDiligence

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Re: ignatiusrielly35 post# 94432

Tuesday, 03/12/2019 11:32:13 AM

Tuesday, March 12, 2019 11:32:13 AM

Post# of 108192
No cash was received from AMGN during FY1Q19. Rather, ADXS moved the remaining “deferred revenue” line on the FY4Q18 balance sheet (i.e. the amount of AMGN’s 2016 $40M up-front payment that ADXS had not already recognized as revenue in prior quarters) into recognized revenue. This was a non-cash accounting maneuver, as mandated by GAAP when a collaboration is terminated.

ADXS’ actual cash burn in FY1Q19 was $11.4M, consistent with the company’s prior guidance of annual $45M burn (#msg-144632008).

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Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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