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10nisman

04/13/11 10:29 PM

#118202 RE: zipjet #118198

Updated my MNTA model using Rocky's script data:
$246M mL sales
$68M Revenue to MNTA
$0.97 eps

$68M revenue (MNTA's profit share) seems light based on your estimated $246M in mL sales. You seem to be assuming a significant decline in gross margins from Q4'10 (~68.5%) to something around 61.5% in Q1'11. If gross margins in Q1'11 remain equal to Q4'10, MNTA's mL revenue would be ~$75M based on your estimated $246M mL sales.