Replies to post #1556 on Revance Therapeutics Inc (RVNC)

[rwwine]

Thank you for sharing. Do you foresee RVNC needing to raise any more funds going forward? TIA

[DewDiligence]

RVNC 6/30/20 pro forma cash=$470.19M. This figure consists of the net current assets on the 6/30/20 balance sheet—excluding the “deferred revenue” and “derivative liability” lines, which are accounting artifacts rather than bona fide liabilities (https://www.sec.gov/ix?doc=/Archives/edgar/data/1479290/000147929020000090/rvnc-20200630.htm#i7c00b49d51464ae7929d790a639b9955_16 ).

(In the above calculation, RVNC’s convertible debt is considered as straight equity, and hence it does not enter into the arithmetic.)