Amarin Corp Plc (AMRN)

[Lrich]

They need to fix their strategy for sure

However, their burn is actually much less, assuming they don't completely destroy the US market this year. That is a serious wildcard though, as they are terrible at their jobs. From 2019-2020 it looks like they burned a net of $80 Million cash/investments while adding $110 Million in inventory and increasing accounts receivable, and paying off debt. That's actually pretty good.

It's both mind boggling how the company can be only $5, and yet also amazingly clear why it is at $5. Their communication is absolutely terrible and no one sees their good balance sheets and sales, everyone just hears JT speak and thinks bankruptcy imminent.

From their EOY ERs:

As of December 31, 2020, Amarin reported aggregate cash and investments of $563.4 million, consisting of cash and cash equivalents of $187.0 million and liquid short-term and long-term investments of $314.0 million and $62.5 million, respectively. As of December 31, 2020, Amarin reported $154.6 million in net accounts receivable ($203.9 million in gross accounts receivable before allowances and reserves) and $188.9 million in inventory.

At December 31, 2019, Amarin had $644.6 million of cash and cash equivalents, $116.4 million in net accounts receivable ($149.6 million in gross accounts receivable before allowances and reserves), and $76.8 million in inventory. Management believes that these resources are adequate to achieve cash flow positivity from VASCEPA based on its current plans, assuming other significant variables remain in line with management expectations.