Amarin Corp Plc (AMRN)

[mclim]

HD, so bottom line is benchmark data is actually pills picked up by customers.. i get that... but perhaps WS overstocked BIG time on 4th Q (where AMRN counts as 4th Q revenue) and drove the 4thQ rev up.

so if you look at the below, they perhaps overstocked big.

2nd Q 2018, benchmark was 119.8m, and rev was 52.5m (ratio 2.28)
3rd Q 2018, benchmark was 127.9m, and rev was 55.0m (ratio 2.32)
4th Q 2018, benchmark was 150.8m, and rev was 77.3m (ratio 1.95)

what this tells me is that during 4th Q, WH stocked up b4 price increases by 12m (taking normal ratio of 2.3 ish)

So for 1st Q, if you take Cal's 185m

you get 185m/2.3 = 80.4m
Take 12m off 80.4m - 68.4m

That said, they will always order more for 2nd Q, so it might wash some of that 12m off.. perhaps half.

they we can see around 74 to 75m

too much math for me... i haven't taken math in millions of years.