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Cytosorbents Corporation Message Board

  • meifud meifud Sep 5, 2013 5:05 PM Flag

    call for cap'n jerry, call for cap'n jerry -- ctso reports revenues down over 50%

    below are the actual revenue numbers reported to the SEC by CTSO. they were NOT mentioned in the recent conference call; however, the company did go out of its way to imply that revenues were exploding based on year-over-year comparisons that were patently meaningless since they had only begun sales last year.
    given that the next earnings report will be viewed in the context of last year's $605k quarter, we suspect the company will no longer chose to highlight any year-over-year comparisons...

    reported revenues
    09/30/12 -- $605k
    12/31/12 -- 604k
    03/31/13 -- 371k
    06/30/13 -- 291k

    that shows a drop of over 50% in total revenue and actual filter sales dropped in the latest quarter also. in the meantime, SGA increased from $353k to $601k. whew!

    cap'n, you keep saying revenues are up. please, please give us those numbers quick 'cause this isn't looking any too good right now...

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CTSO
6.30+0.04(+0.64%)May 29 4:00 PMEDT