RE:MBX Q4 Earnings Pretty much as I expected , with fiscal 2023 being the proverbial " kitchen sink of underwhelming sales" but also the "repositioning for future growth" year.
Still shocking to see VTM go from $5M to zero! Is there no market or replenishment (ie restocking of shelves for expired media) needed anywhere in Canada ?
2023 winds up with a $16.5 M top line with a reasonable target of $2M/ month or $24M annually going forward. Thats a potential of 50% top line growth from here. Better forward Guidance will likely be provided in January. $20 - $24M for 2024?
The above does not include Kinlytic licensing Revenues which presumably are still 3-4 years out ( but which will be material and have yet (IMO) to be fully factored into the SP.
Short term milestone/ upfront payments for Kinlytic made in Q1 will also boosts revenues and margins for fiscal 2024.
Good to have 2023 behind us finally. Onward and upward from here.
MM