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Expert Financial Analysis and Reporting

Archive for November, 2019

Antares Pharmaceuticals: Projecting Very Strong Growth in Xyosted Sales for 2020, 2021 and 2022 (ATRS, Buy, $3.89)

Key Points In my sales and earnings model for 2020, I will be using a working estimate of $53.6 million for sales of Xyosted in 2020. My working estimate is lower than two alternative scenarios laid out in this report. In Scenario 1, I arrive at a sales estimate of $70.3 million for 2020 and […]

Portola: Detailed Spreadsheet Projecting Sales and Earnings Through 4Q, 2021 (PTLA, Buy, $28.00)

Key Points: The sales model presented in this report projects sales for Portola of $119, $264 and $402 million for 2019, 2020 and 2021. While the numbers presented in this model appear to be precise, the assumptions used in putting it together involve a lot of judgments (guesswork) and are imprecise. You should take the […]

Antares Pharma: Quick Take on Implication of 3Q Results for Future Growth (ATRS, Buy, $3.70)

Key Points: Xyosted launch continues to impress. Projecting sales of $22 million in 2019 and over $50 million in 2019 AB rated generic to EpiPen royalties estimated at $6.2 million in 3Q. AB rated generic to Forteo could be launched this year. Potential is greater than AB rated generic to EpiPen. I predict that FDA […]