Post by Deleted on Jan 31, 2016 20:19:12 GMT
Hey guys and gals, so I was recently perusing the SEC filings for TESARO and came across something of interest.
On January 11 2016 the company released an 8-K. The area of interest is this:
"Although the Company has not finalized its full financial results for the fourth quarter and fiscal year ended December 31, 2015, as of January 11, 2016, the Company anticipates that its cash and cash equivalents were approximately $230 million as of December 31, 2015. This figure is unaudited and does not take into account expenses since December 31, 2015. Furthermore, this information does not present all information necessary for an understanding of the Company’s financial condition as of December 31, 2015 and its results of operations for the three months and year ended December 31, 2015."
One can hypothesize though.
In the last quarterly report, cash and cash equivalents increased from 256,861 (In thousands) to 302,518 for the previous nine months ended September 30 2015. According to the 8-K mentioned above, unaudited cash and cash equivalents as of December 31 2015 are 230,000 down 72,518.
So hopefully this decrease of cash and cash equivalents of $72,518,000 are payments paid out to OPKO. I know not all of that figure would come to us but hopefully a majority of it
What do you guys and gals think?
On January 11 2016 the company released an 8-K. The area of interest is this:
"Although the Company has not finalized its full financial results for the fourth quarter and fiscal year ended December 31, 2015, as of January 11, 2016, the Company anticipates that its cash and cash equivalents were approximately $230 million as of December 31, 2015. This figure is unaudited and does not take into account expenses since December 31, 2015. Furthermore, this information does not present all information necessary for an understanding of the Company’s financial condition as of December 31, 2015 and its results of operations for the three months and year ended December 31, 2015."
One can hypothesize though.
In the last quarterly report, cash and cash equivalents increased from 256,861 (In thousands) to 302,518 for the previous nine months ended September 30 2015. According to the 8-K mentioned above, unaudited cash and cash equivalents as of December 31 2015 are 230,000 down 72,518.
So hopefully this decrease of cash and cash equivalents of $72,518,000 are payments paid out to OPKO. I know not all of that figure would come to us but hopefully a majority of it
What do you guys and gals think?
