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Biotech / Medical : VVUS: VIVUS INC. (NASDAQ) -- Ignore unavailable to you. Want to Upgrade?

To: Don Dunlap who wrote (5932)3/17/1998 9:30:00 AM
From: Zebra 365  Read Replies (4) | Respond to of 23519
 
Don,

You said, "The costs won't be recognized until the product is sold, and neither will the revenue."

This is wrong. If you read the billboard at the top of the thread, (which I wrote) VVUS recognizes revenue when product is shipped. They recognize costs as incurred. This is why the projections were for a loss in 1st quarter. Without MCA approval, they could produce (incurring extra costs) and not ship ie. (no revenues). The company projected a loss because they could not count on MCA approval as a certainty until it happened (shareholder lawsuits).

Now it has happened, First call will restate projected 1st quarter earnings and those of us buying at 10 and 11 recently are very happy.

Viagra is still a force to be reckoned with, but I expect at least a 2 point move today. Yes, sources tell me FDA has inspected but may be another month or two to approval. But they were doing fine with the current FDA approved facility, until they had to ship product to UK at lower margins.

Zebra



To: Don Dunlap who wrote (5932)3/17/1998 10:43:00 AM
From: mc  Read Replies (1) | Respond to of 23519
 
Don, in addition to the other response to your question, there are also significant advertising expenses that have been incurred this quarter that we haven't seen in the past. That, along with reduced margins due to shipping to our overseas partners, and the recognition of expense as it occurs have all led to first quarter projections of a loss.

Gary



To: Don Dunlap who wrote (5932)3/17/1998 9:10:00 PM
From: blankmind  Respond to of 23519
 
- I think Vivus' profits are only like $7-$10 mill a qtr - I don't recall - and a national ad campaign will zap most of that. Hence - this quarter - there shouldn't be much profit.

- Yet the rest of the year will be profitable. Hence - the $1 or $2 a share earnings for '98.


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