RE:RE:RE:RE:The prescriber base has doubled for TrogarzoAt the end of fourth quarter they had $20,768,000 in cash, the net proceeds of the offering after fees was$42,668,000, in total they had $63,436,000 after the offering they have $56,716,000 in the bank. It looks like the cash burn was higher in the Q3/Q4 2020 than last quarter.
SPCEO1 wrote: My best guess on Q1 sales is they were likely biased lower because the company forced sales to the distributor system at the end of Q4 so they could have a good Q4 sales number to support the offering with the pre-announcement of good Q4 sales. Also, we are going to have to figure out where all the cash went. It looks like they burned through around $10 million in cash in a $15 million sales quarter. So, the OO likey led to nasty Q1 sales and was done in such a terrible way because they were blowing through their cash faster than we could have thought possible. On the cash, they raised $46 million, had around $20 million at last report and now have $57 million.
palinc2000 wrote: But unit sales are down?? What gives?
Bucknelly21 wrote: I heard that too palinic