Elite Pharmaceuticals Inc (ELTP): Revenue guestimates are very exuberant...

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Elite Pharmaceuticals Inc (ELTP)

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Re: The ELTP King post# 390464

Saturday, 11/04/2023 10:04:49 AM

Saturday, November 04, 2023 10:04:49 AM

Revenue guestimates are very exuberant here with 19 of the 30 posters predicting $11M or more for the quarter ending June 30.

The previous quarter was approximately $9M and the September 30 quarter last year was $8.6M.

Although I am sanguine, there is a downside risk to over optimism which can lead to disappointment and a reversal of the strong three month trend in price appreciation.

That being said, if the number comes in at 10M or higher, this baby should take off and break out to new highs. New investors can look forward to steady growth with prospects for continued increases as revenue sources are buttressed by new ANDAs scheduled for FDA approval in 2024.

Fingers crossed.

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