Replies to post #447564 on Amarin Corp Plc (AMRN)

[JRoon71]

No problem, Liz. There are a lot of things that you have to dig into with AMRN's financials.

For example, the only reason we have increased cash the last several quarters/years is because of Inventory drawdown. But nobody will say that out loud:
Q1 2023, Cash on Hand = $305M, Inventory = $369M
Q1 2024, Cash on Hand = $308M, Inventory = $330M
Q1 2025, Cash on Hand = $282M, Inventory = $217M
Q1 2026, Cash on Hand = $308M, Inventory = $183M

Any time you draw down Inventory, you increase cash by a proportional amount (because you are generating revenue by selling off inventory rather than buying more goods to sell). So Inventory drawdown has given us a cash "tailwind" of almost $200M the past 3 years.

I don't know how long the Inventory tailwind will work in our favor (not sure how far inventory will get drawn down to). But hopefully we become operationally cashflow positive before that happens (we should - I thought we would be profitable this quarter).