Elite Pharmaceuticals Inc (ELTP): Elite has $9.6 million in cash Turni...

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Elite Pharmaceuticals Inc (ELTP)

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Re: The ELTP King post# 363880

Wednesday, 12/29/2021 1:55:21 PM

Wednesday, December 29, 2021 1:55:21 PM

Elite has $9.6 million in cash

Turning over to our balance sheet, our working capital continues to grow to $9.6 million, up $3.2 million from year-end. This is directly due to positive cash flow from operations and low debt. To sum it up with higher sales and a strong margin, we continue to beat last year numbers and with that, I'd like to turn it back to Nasrat to give an overview on the company.

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