Elite Pharmaceuticals Inc (ELTP): The prediction of revenue of $145M for t...

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Elite Pharmaceuticals Inc (ELTP)

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Re: jour_trader post# 393281

Sunday, 01/14/2024 12:33:46 PM

Sunday, January 14, 2024 12:33:46 PM

The prediction of revenue of $145M for this calendar year is way too optimistic unless the DEA gives Elite a massive increase to its quota. While the Prasco/Burel manufacturing deal is nice, investors have no way of evaluating that source of income until we see the results from a few quarters. To reach your guestimate, Elite would need to average between $38-40M per quarter which is more than double the highest quarter last reported.

That being said, if the second quarter results match or exceed the record 1st quarter of $14.9 million, this stock should continue its strong upward trend. Over hyping may cause weak hand holders to fold way too early.

Don't worry, be happy.

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