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InterMune, AŞ Message Board

  • b12s_slurpy b12s_slurpy Feb 17, 2011 7:20 AM Flag

    Cash Burn + QTRLY Losses=BK 1 YEAR!!!

    <ITMN has a lot of expenses to complete trials and set up marketing and manufacture and cash burn rate is over $50M per quarter and likely to rise. If ITMN started the quarter with $125M and got another $175M from Roche, they will have under $250M at the end of this quarter. A shelf or secondary offering is coming. The issue is when...>

    http://messages.finance.yahoo.com/Business_%26_Finance/Investments/Stocks_%28A_to_Z%29/Stocks_I/threadview?bn=9830&tid=27779&mid=27788

    This was projected in mid-December, and its over estimated by $9 Million!

    ITMN made its numbers by recording
    1 time revs from the sale of company
    core property and 1 milestone.

    All else from the conference call
    was fluffy cotton candy, sprinkled with
    hope and a miracle or two!!!

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    • They won't go BK but they will have to do another offering (more dilution) sometime this year. The burn rate will skyrocket when they start setting up for a real P3 this time and if approved, the cost of sales, manufacturing, etc.
      Eventhough it seems like they have plenty of cash on hand, it wouldn't surprise me to see an offering before the EU decision because the PPS will drop dramatically if rejected but the burn rate for P3 will be so high, they will need money in 14-18 months.

      I don't understand why the longs don't bail out at this inflated price but I thought that before the FDA decision too. I guess greed clouds good judgement...

 
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