Replies to post #393267 on Elite Pharmaceuticals Inc (ELTP)

[kayak_wench]

It will be interesting to see if elite continues to report revenues in line with the last 14.5m quarter.

I don't think there is anyway for revenue to stay 'in line' with revenue from the last quarter. It pretty much has to go up. We know they had a big paycheck last quarter for manufacturing of the Prasco Adderall. Then the next quarter it will have more product delivered to Prasco and license revenues from its sales AND whatever extra customers Kirkov secures. The future of higher revenues is undeniable.

To reach the 60M low bound you noted the next two quarters have to average $18.5M each. I think this is a shoe in. To reach $75M for the year on average we have to see $26M each quarter. I think this one is possible, but I wouldn't bet on it. On the other hand for the next FY I think we will easily be over $100M.