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Replies to post #24316 on CytoSorbents Corporation (CTSO)

Replies to #24316 on CytoSorbents Corporation (CTSO)
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Canes16

08/05/20 9:37 AM

#24317 RE: fantomphan #24316

It sounded like it evolved throughout the quarter. As the virus did not flare up the way they expected, hospitals were canceling those orders.
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Greenaccountingbean

08/05/20 9:45 AM

#24318 RE: fantomphan #24316

Cytosorbents Corporation (CTSO) CEO Phillip Chan on Q2 2020 Results - Earnings Call Transcript https://seekingalpha.com/article/4364503-cytosorbents-corporation-ctso-ceo-phillip-chan-on-q2-2020-results-earnings-call-transcript
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fantomphan

08/05/20 10:27 AM

#24320 RE: fantomphan #24316

So it looks like we produced about $8 million in that first quarter but had orders for $3 million more that we couldnt/didnt fill in a timely manner. Some (how many?) became cancelled because of this inability to deliver, and we promote the guy who oversees this to co President. And I understand what jdizzy is implying but, if we lost even $1 million of that $3 million, it's not good.