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Biotech / Medical : QLT PhotoTherapeutics (QLTI)

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To: Zeev Hed who wrote (980)8/1/2000 1:28:15 PM
From: Ian@SI  Read Replies (1) of 1321
 
Z,

That's only the chip stuff that gets shot for having the best earnings and outlook ever. :-(((

Biotechs are still being rewarded for exceeding estimates. :-)

Seriously, there's nothing cyclical about Macular Degeneration. There's no other treatment that's shown any effectiveness. And I think Galbraith stated his belief on CNBC this morning that QLT's got at least a 3-5 year lead over any potential, yet unproved competition.

The company has been extraordinarily conservative with its guidance yet stated that they expect to reach $150M Visudyne sales during the first 12 calendar months of sales.

You like arithmetic Zeev. Here's some Q numbers from the conference call.

Net Sales (US $): $25.5M
Mktg and Mf'g Costs: $18M
Profits: $.7.5M
Mfg Costs (Cdn $) $3.3M (About $2.25M US)

QLT's Share of profits: $3.75M or $5.5M Cdn

What earnings/share do you expect based upon the $150M sales?

$200M sales???

Best regards,
Ian
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