Replies to post #351456 on Elite Pharmaceuticals Inc (ELTP)

[The ELTP King]

What???

Revenue is UP the previous two quarters, not down.

7 straight quarters of growth.

You didn't read the press release???

Here, let me help you out...

- "Consolidated revenues for the Third Quarter were $6.0 million, an increase of approximately 20% as compared to revenues for the comparable quarter of the prior fiscal year. This marks the seventh consecutive quarter of year-on-year revenue growth during which the revenues grew an average of 122% per quarter on a year-on-year basis."

[HGilS]

The declining revenue is because Lannett had to restructure - they let go of many people and they cut in the number of drugs they are selling - this is disturbance. But Adderall ER and IR are still in the list of products they sell - How do I know? Our growth compared to last year is due to the 3 drugs sold by Lannett

[jbdiver]

all this cash on hand because they are not growing ir working on anything. Just riding the waive and praying no tsunami isnt behind them.
The future is bleak. As usual another bust Q with no future guidance coming.