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Re: surf1944 post# 2143

Thursday, 11/03/2011 9:30:37 AM

Thursday, November 03, 2011 9:30:37 AM

Post# of 2237
7:33AM POZEN reports EPS in-line, beats on revs; reaffirms FY11 revs guidance (POZN) 2.52 : Reports Q3 (Sep) loss of $0.24 per share, in-line with the Capital IQ Consensus Estimate consensus of ($0.24); revenues rose 14.0% year/year to $4.9 mln vs the $4.84 mln consensus. Co reaffirms guidance for FY11, sees FY11 revs of $18-19 mln vs. $19.07 mln Capital IQ Consensus Estimate. Co is estimating 2011 operating expenses to be in the range of $45.5-$47.5 mln and estimating a full year net loss of $27-$29 mln. At the end of the year, they project cash and short-term investment balance to be in the range of $39-$41 million. In 2012, they expect that R&D costs will be substantially lower due to the completion of our PA32540 Phase 3 studies and their current plan targets a 2012 year-end cash and short-term investment balance of greater than $30 mln.


surf's up......crikey