SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Response Biomedical (V.RBM)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Dick Martin who wrote (633)11/30/2007 10:13:42 AM
From: Starowl   of 655
 
Sure was a disappointment, especially on the Staph A development. While revenue dropped slightly, R&D increased $1.6M over the last 3 quarter period (2006) and working capital is pretty good at $11M +. If I were betting short term, I'd be even more disappointed, but having seen these swings for a long time, I just roll with them. And this statement, just words, indicates the importance of next year:

'"2008 will be a pivotal year for us as we scale up our manufacturing process to meet the high demand expected by our current and future partners and roll out our new Reader," Mr. Kay said. "To ensure we can meet that demand we expect to move to our new state-of-the-art facility, by the end of the first quarter, 2008."'

We've definitely got some price instability to weather over the next few months. Given the long development process and approvals in the medical device and test field, nothing comes fast or easy.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News