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Watch and learn. Nice analysis. Do you think AVNR will beat ALL Analysts' average REVENUE and NET EARNINGS estimates for this quarter?Do you think that THIS QUARTER they will ALSO BEAT all ANALYSTS average NET EARNINGS estimates for NEXT QUARTER TOO?IMHO, not even close.
No and No, Watch and learn. Sorry to disappoint you, but expenses will continue to grow to pay for further trials.
You should review the Company's conference call a few weeks ago as well as SummerStreet's update yesterday. It is pretty simple for the last two quarters of this fiscal year Sox.$92MM-50MMequals - $42MM / 2 quarters = $21MM per quarter for THIS quarter and next.When AVNR beats ALL ANALYSTS' average NET EARNINGS estimates for NEXT QUARTER this quarter, the ANALYSTS will ALL raise their TARGETS IMHO, of course.(Including Mr. Wei at Jeffries as he will have no choice.)