Amarin Corp Plc (AMRN)

[the_kube]

Per the press release…

Amarin continues to make progress on reducing operating expenses and managing its cash position and is on track to delivery $40 million of annual savings based on reduction in force announced in July 2023. With the recent cash preservation initiatives, Amarin reiterates its believe that current cash and in vestments and other assets are adequate to support continued operations including the share repurchase programs. We will continue to focus on cash preservation and prudently invest in the right opportunities which are value additive.

In Q3, Amarin reported a net loss of $19.3 million or a loss of $0.05 per share. I suspect 4th quarter earnings will still be negative and cash flow will be near 0.

Is it possible with $6 to $8 million in revenue growth and continued cost discipline, the above statement from the press release is credible?