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Biotech / Medical : Biotech Valuation
CRSP 53.36+3.4%10:31 AM EST

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To: IRWIN JAMES FRANKEL who wrote (1721)9/22/2000 8:24:42 AM
From: Biomaven  Read Replies (2) of 52153
 
ij,

negative cash flow of $1.5 million per quarter

No, this is way too high. Looks to me like this is may be a reasonable figure for three quarters.

There was a loss from operations of $.5 million for the last quarter, and of $1.5 million for the three quarters.

To some extent this is a "razor/razorblade" operation, so once they grow some their numbers should start looking much better.

Looks like there are still a bunch of sellers around - maybe some of the early VC guys are still bailing.

Peter
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