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Rosetta Genomics, Ltd. Message Board

  • vvvvvvrebel89130 vvvvvvrebel89130 Feb 15, 2013 4:19 PM Flag

    ferg

    good background and post on the medicare reimbursement; only point i would add is your approx $540k sales number or reimbursement from medicare is the gross number i would think; you would need to subtract out the cost of the kits, loadings etc to get to a bottom line number

    if/when we get detailed financials, 2 numbers will be key

    sales
    margins
    then we can determine profitability, etc

    good luck

    Sentiment: Strong Buy

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    • Hey Rebel, I was just trying to keep things simple by only stating revenues and using revenues as a crude method for determining MET^2 sales numbers for gaging expectations. As you mentioned, cost of the kits, processing, PTI fees, etc. would have to be subtracted out to get the bottom dollar.

      However, I really don't think 150 kits sold for 6 months is too high a number. Berlin said he received the first Medicare reimbursement check in July so we know the kits have been selling since then. Adding the PTI sales team (cannot confirm, but others said the PTI sales force has a 135 person sales team) since October gave us an already networked sales team which should have exponentially increased sales numbers. 150 kits sold should have been easily achieved if each sales representative only sold 1 kit with a couple of overachievers selling 2 kits since October; add the ROSG sales team selling since July.

      Whatever happens we will soon know more about MET^2 sales. How and when ROSG shares sales will probably occur one two ways:

      Option 1: ROSG remains silent on sales until earning report next month. Sales are excellent exceeding expectations and the PPS takes off. I go to Vegas in April and have a blast on my ROSG earnings.

      Option 2: ROSG puts out a GENE type sales PR prior to earnings announcement providing sales increase percentages to soften the disappointing revenue announcement. The PPS take off and I sell prior to the pull back. I go to Vegas in April and have a blast on my ROSG earnings.

      Good luck.

 
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