Elite Pharmaceuticals Inc (ELTP): For the last 5 out of 6 quarters - sales...

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Elite Pharmaceuticals Inc (ELTP)

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Re: imanjen13 post# 394463

Friday, 01/26/2024 7:44:41 AM

Friday, January 26, 2024 7:44:41 AM

For the last 5 out of 6 quarters - sales rev $ exceeded the prior quarter ending inventory balance - we ended with $15m in inventory last qtr - inventory is recorded at the lower of cost or market. My conservative guess is $18.6M in revenue.

Qtr ending sept 2023 $14.1M Rev vs prior qtr inventory $11.16M

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