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HDGabor

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HDGabor

Re: Rick001 post# 380175

Monday, 06/13/2022 8:30:24 AM

Monday, June 13, 2022 8:30:24 AM

Post# of 425931
R-

strong dollar should help profits on both the ingredients and EU sales

???

(i) Yes, some ingredients is cheaper but some are neutral (e.g. encapsulation in the US)
(ii) Strong dollar means less revenue from EU

As the Gross Margin is 70+%, the net effect is lower GM

Amarin accounting currency is USD.

Best,
G

Disclosure: I wrote this post myself, and it expresses my own opinions (IMHO). I am not receiving compensation for it.

Notice: This post is not investment advice, and not a recommendation to neither buy nor hold nor sell.

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