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jbog

11/28/18 2:05 PM

#222544 RE: mouton29 #222543

Revance expects cash burn for 2018 to be in the range of $117 to $137 million while at this time the cash burn for 2017 was in the range of $102 to $112 million. I'm surprised they didn't tighten up the 2018 range considering they are in their 4th quarter. The total operating charge is over the $100 mil at the end of Q3 so they'll come in at the upper section of the range.

With this as a basis, and the possibility of building a sales team I would expect 2019 to be somewhat if not greatly higher. The key is if they partner or not.
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DewDiligence

11/28/18 2:42 PM

#222546 RE: mouton29 #222543

According to RVNC's own cash-burn guidance for 2018 (see jbog's post), 4Q18 burn will be less than the quarterly average for the year to date. Completion of SAKURA-3 in mid October is the main reason, as you noted.