Mosaic ImmunoEngineering is a nanotechnology-based immunotherapy company developing therapeutics and vaccines to positively impact the lives of patients and their families.

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Message: Something's missing

Something's missing

posted on Apr 09, 2008 02:37PM

Yes PTSC made money again, but they missed my most conservative outlook.

My most conservative outlook based on averages per license from the previous 4 quarters was: Net Income = $23M, and EPS = .06

Actuals reported are: Net Income = $6.2M, and EPS= .02

There's a $16.8M net revenue difference. Could PTSC be getting so much less per license than they did in the previous 4 Qs? I doubt that.

I think it's probably fortunate that the numbers are this far off from extrapolated averages. There's little doubt that a big chunk of net revenue is missing in action. If reported results had been closer to the extrapolated averages I'd think they sold cheap. But this large amount of missing $ suggests it's almost certainly related to the settlements - settlement did not result in a one time payment.

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