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NEUROGESX, INC. Message Board

  • ngsx_info ngsx_info Aug 9, 2011 8:47 AM Flag

    500K in quarterly sales is not enough for me

    Total revenue for the second quarter ended June 30, 2011 was $2.5 million, which consisted of $2.0 million in collaboration revenue, primarily from the amortization of upfront license fees received under the Astellas Agreement, and $0.5 million of Qutenza product sales.

    I understand the $2 Million quarterly payments, but how can their 30+ sales people only sell $500,000 in product for the quarter? What is the problem here? Weren't they selling close to that same amount several quarters ago?

    Couple this with the $40 million in additional financing and the financials at this company stink. Is the new product they are working on coming out soon, and is it expected to be a blockbuster? I am looking for a reason to invest with this company and not finding any valid arguments.

    What's your opinion.......................

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    • They should put some of these Qutenza pads up some of the field sales personnel bottoms, including Tony's.. This company has been morbidbund since Tony's management team arrived on the scene...

    • They missed earnings by 2 cents (-81) compared to projection of (-79).

      Pharmaceuticals are like oil fields, everything is based on future potential a lot more than say "retail." Book value is less important.

      If they get a good product they get a good merger or buyout.

      • 2 Replies to berrygeorge51
      • I agree with your points. A buyout now would be well received.

      • I've gone through every conference call and news releases I could from the past several years to "look for reasons" to invest as well. The four most relevant pieces of information to me right now:

        1. They always said (from the beginning) that it'd take 6-8 quarters to launch Qutenza. They are in the quarter 6 or 7 right now.

        2. Their earnings were $100,000 in USA last quarter and $500,000 this quarter. That is pretty good. If they start achieving critical mass, this could go to 5 million a quarter pretty easily.

        3. They have several news events coming up in the next 6 months or so.

        4. Big money came in at $1.75 or more.....that's a pretty good floor.

        So I see nothing in the earnings to suggest that people should bail out (like DNDN for example.) Today may prove a buying opportunity....

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