Elite Pharmaceuticals Inc (ELTP)

[The ELTP King]

This will be during the August CC if it happens, not the upcoming June CC which will show 8 straight year over year revenue growth.

1. Remember, we did launch Loxapine during the quarter we are in now with this drug being on the FDA drug shortage list.

2. There was also only one other competitor at the time of the launch. This will help close the gap if we indeed come up a short for August.

3. In addition, schools started to open back up during the quarter we are in now as opposed to last quarter which was the worst quarter for the pandemic. Hopefully this helps with Adderall sales.

4. I believe we were still adding $250,000 in revenue to each quarter through the first quarter of Fiscal Year 2021 due to accounting measures based the $5 million Epic SequestOx agreement signed in 2015.

Therefore, you actually have to deduct $250,000 from first quarter Fiscal Year 2021 revenues of last year to have a better comparison.

Thanks.

First quarter of 2022 "the quarter we are in now" revenues will be less than the first quarter revenues of 2021 !!!!!!!!!!!!!!!!!!!!!!!!!!!!