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Seattle Genetics, Inc. Message Board

  • xwavve xwavve Jan 27, 2013 2:03 PM Flag

    4th Qtr Rev Blowout

    From the last earnings call, revenue from milestones alone will be $45 million, plus approximately$35 million in Adectris sales for the quarter, plus collaboration $. Revenue should be in the $100+ million range, almost double analysts unadjusted expectations, despite the CFO hinting the following in the previous earnings call. Look for a blowout, as the number to beat is approximately $57 million:

    "The fourth quarter of this will be particularly strong from a cash generation perspective. We expect to receive more than $100 million during the quarter which includes the $25 million Abbott collaboration payment, $25 million in approval milestone payments from Millennium, anticipated collections from ADCETRIS sales and other collaboration payments.

    Fourth quarter collaboration revenues will reflect approximately $7.7 million related to the European approval milestones from Millennium and we will begin to amortize the $25 million Abbott payment over the two-year development term of the expanded collaboration...."

    Sentiment: Strong Buy

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