Elite Pharmaceuticals Inc (ELTP)

[RizZo]

25% more capacity. Revenues still growing in my opinion




CEO Nasrat,


Now due to the limited working capital we placed orders with the API supplier that will be staggered and delivered to us on monthly basis. Our facility is in a very good shape. We have a very nice facility that we are very proud of. We will be spending hundreds of thousands of dollars this year on expanding the facility, improvements and upgrades to increase capacity. We purchased a 30 cubic foot re-blended, a new higher speed Tablet Press and upgraded our packaging line, so now it has 25% more capacity. We are utilizing SAP more and more and we hired a full-time employee, an expert in SAP and material management to help us streamline our systems.

https://seekingalpha.com/article/4369319-elite-pharmaceuticals-inc-eltp-ceo-nasrat-hakim-on-q1-2021-results-earnings-call-transcript?page=4