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Cytosorbents Corporation Message Board

  • meifud meifud Sep 6, 2013 10:02 AM Flag

    sequential revenues were down including FILTER sales, not just grant income


    herewith are the exact revenue numbers reported by ctso to the SEC and if you listen to the conference call you will see filter sales absolutely went DOWN from the previous quarter -- but why are we even quibbling over slightly up or down or even, when sales should be doubling or tripling every quarter? and why did the company chose to present results primarily in meaningless year-over-year percentage comparisons instead of explaining why filter sales are not doubling and tripling sequentially? and why does this board's cheerleaders defend the company for their diversion and deception?

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

    folks, there is much to criticize about what is going on including the 70% increase in SGA (even as sales are dropping while the company is not projecting anything but fluctuations) and the extremely flow pace of studies (probably because doctors make the decision on whether to use the filter, not patients). it does not serve our interest well to accept essentially the same happy talk we have been hearing for two years, and it does not help the credibility of this board to forget how long we have been waiting for things to happen (go back and read chan's march 2011 remarks when ce mark was announced) and assuming that it all is magically going to happen next quarter.

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