TSXV:TRL.H - Post by User
Post by
PitchinPennieson Mar 11, 2021 9:58am
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Post# 32771580
2020 results are in!
2020 results are in!Acerus Pharmaceuticals Corporation - Acerus Reports Fourth Quarter and Full Year 2020 Financial Results Highlights:
- Lost $24.4 million in 2020
- Increased 2020 loss by more than 50% over previous year
- Increased selling and administrative expenses by around 50% over previous year, in order to acheive...
- a 70% decrease in sales year over year.
So, Acerus, a pharma company that has approved products to sell and has been in the game for more than 10 years managed to sell a grand total of $1.1 million worth of product in an entire year. There are hot pretzel franchises in the mall food court that can brag about doing better.
Needless to say, the CEO sees the donut and not the hole. His happy talk in the press release is poetic. Great job, Eddie. Keep it up. You got a bright future, my friend.