Opko earnings transcript

jgm
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Opko earnings transcript Nov 7, 2023 13:37:44 GMT via mobile icemandios and lookingforatenbagger like this

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Post by jgm on Nov 7, 2023 13:37:44 GMT

www.fool.com/earnings/call-transcripts/2023/11/07/opko-health-opk-q3-2023-earnings-call-transcript/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article&yptr=yahoo

jarhead
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Opko earnings transcript Nov 7, 2023 17:21:49 GMT

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Post by jarhead on Nov 7, 2023 17:21:49 GMT

I'm in a state of confusion. I need some HELP! That should come as no surprise since I'm a LSL OPK shareholder that listens to all the non-transparent conference calls of our beloved OPK.

Elias stated during the conference call that our Operating Loss for BRLI was a 41% improvement from Q2 TO Q3 2023.

Adam stated that the Operating Loss improved 41% to 29.1 million from 49.5 million from the prior YEAR.

Please someone HELP clear up my confusion. How long is the time period for the 41% improvement in BRLI Operating Loss? ONE QUARTER or a YEAR?

?

Help! I need somebody! Help! Not just anybody!.... Help me if you can I'm feeling down! Won't you please, please help me! Help me! Help Me!

icemandios
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Opko earnings transcript Nov 7, 2023 19:00:17 GMT miamianne67, opkfrostfan, and 3 more like this

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Post by icemandios on Nov 7, 2023 19:00:17 GMT

Nov 7, 2023 17:21:49 GMT jarhead said:

I'm in a state of confusion. I need some HELP! That should come as no surprise since I'm a LSL OPK shareholder that listens to all the non-transparent conference calls of our beloved OPK.

Elias stated during the conference call that our Operating Loss for BRLI was a 41% improvement from Q2 TO Q3 2023.

Adam stated that the Operating Loss improved 41% to 29.1 million from 49.5 million from the prior YEAR.

Please someone HELP clear up my confusion. How long is the time period for the 41% improvement in BRLI Operating Loss? ONE QUARTER or a YEAR?

?

Help! I need somebody! Help! Not just anybody!.... Help me if you can I'm feeling down! Won't you please, please help me! Help me! Help Me!

From the MF transcript, what Elias actually said was:

"We've made great strides, and we have reduced our operating loss by 41% sequentially from Q2 to Q3 2023 through both expense reduction and revenue growth, so a 41% improvement from Q3 relative to Q2."

Sequentially means successive quarters, not this year to last year third quarters.

From the MF transcript for 3Q2022, Adam said the operating expenses were $49.5M. And he used that figure again in the 3Q2023 transcript when he said:

"Operating loss for our diagnostics segment improved by $20.4 million or 41% to $29.1 million compared with $49.5 million for the prior year."

You'll note that Adam recited dollar amounts in his remarks, while Elias only recited the 41% figure. I believe Elias misspoke when he said "sequentially."

icemandios
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Opko earnings transcript Nov 7, 2023 19:42:54 GMT sgard434, miamianne67, and 4 more like this

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Post by icemandios on Nov 7, 2023 19:42:54 GMT

BTW, I kinda got lost in all the transcript hopping and forgot to mention one other data point:

In the 2Q2023 transcript, Adam said the expense was $44.3M. Dropping to $29.1M in one quarter equals a 34.3% reduction, and that's not too shabby. 41% reduction in a year (3Q2022 - 3Q2023); 34.3% reduction in one quarter (2Q2023 - 3Q2023).

jarhead Supreme Member Posts: 538 Dec 14, 2015 11:47:19 GMT	Opko earnings transcript Nov 7, 2023 20:41:09 GMT Quote Select Post Deselect Post Link to Post Member Give Gift Back to Top Post by jarhead on Nov 7, 2023 20:41:09 GMT Thanks for the HELP Ice. I was hoping Adam misspoke.

icemandios
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Opko earnings transcript Nov 8, 2023 1:03:12 GMT Chuck-2, investobefree22, and 1 more like this

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Post by icemandios on Nov 8, 2023 1:03:12 GMT

Nov 7, 2023 20:41:09 GMT jarhead said:

Thanks for the HELP Ice. I was hoping Adam misspoke.

You're welcome, but you are a hard jarhead, man.

Looks like we've got acceleration into the punch. If it took one year to do 41%, and only 3 months to do 34% of that 41%, seems to me there's some acceleration going on over here.

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Post by jgm on Nov 7, 2023 13:37:44 GMT

Post by jarhead on Nov 7, 2023 17:21:49 GMT

Post by icemandios on Nov 7, 2023 19:00:17 GMT

Post by icemandios on Nov 7, 2023 19:42:54 GMT

Post by jarhead on Nov 7, 2023 20:41:09 GMT

Post by icemandios on Nov 8, 2023 1:03:12 GMT

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