It doesn't have to be "positive" to be good, for a company at this stage. Developmental/Clinical stage biotechs are not expected to be making money, the annual report is important for other reasons.
Earnings? What Earnings LOL.
and I am Long.
But this Science Project of a company most likely wont have earnings for a long long time.
The Best hope here is that the insiders Stop Selling for Pennies and we dont get anymore Dilution.
It all depends what they say for the future.. I guess every one knows that there is no current income. Also what they say about debt.....future collaboration and other money generating projects like their stem cell bank in scotland...etc.
I have the feeling that they will say good things and therefore would be perceived positivelt..I keep my finger crossed too