Chromatics Color Sciences International. Inc; CCSI Message Board

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Biotech / Medical : Chromatics Color Sciences International. Inc; CCSI

CCSI 29.69

+5.8%

2:31 PM EDT

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To: Marconi who wrote (5549)	8/23/1999 6:07:00 PM
From: Peter V	Read Replies (3) of 5736

Well, we have the financials now. Let's see. Inventories went up by 2.3 million in the last six months. How much did receivables rise? 100 bucks? Does that mean they have not sold a single device? Or is everyone paying COD? No, let's look at income statement and we find that they have only $500 in non-interest revenue for the last three months, an improvement over the $200 they earned last year. But it indicates they haven't sold a thing. And as for cash flow, they burned through the entire 9 million that they got from financing, so they ended up with the exact same amount of cash they had 6 months ago. Not looking so good.

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