Knight Therapeutics Inc T.GUD

Sorry...

[luscar99]

...I looked at the report and I don't understand the excitement.

Revenues 5% up yoy, that's nothing to brag about. 
EBITDA down! by 25%. 
$16 million pissed away on investment losses. 
Net loss of 4c/share, even higher than last year.

I dont get it.

[EbbFlow88]

I think the market is more excited about the pipeline. They have succeeded in buildign out their platform and also done a great job with the pipeline. They still had $30M of cash from operations.  They also didn't "piss away" money on investment losses. They have to mark those investments to market so each quarter they fluctuate. Those investments have done well since inception

[luscar99]

"I think the market is more excited about the pipeline." Why did the market became "excited about the pipeline" all of a sudden ? Were there any major pipeline developments that were announced in this latest report,  developments that took the market by surprise ? What am I missing? I'm asking in good faith. 

[gudisgood]

Yes, although we're getting close to a point where the fund investments can no longer be classified as having done well. It's been several years since they were made, the money will be tied there for a fair amount of time, and the market value keeps decreasing. Hopefully they turn around, but we've received essentially no product rights from those funds (which was a part of the