Replies to post #384623 on Elite Pharmaceuticals Inc (ELTP)

[Pharma Sleuth]

Hahaha...was waiting for that. They now have 9m in cash. Why would they need an extra $4m? Tell everyone. I dare you

They had net income of 1.5m or so.

They made 9m. What did it cost them? A lot less

The most interesting numbers are account receivables and inventory 17m vs 12m at end of year. That tells you where this is going

[HGilS]

Margin improvement from flying solo is already here.

Gross margin was 48% a year ago. 53% now.

Nasrat told us it would take a few months. Apparently karkov is better than we thought.