RE: Broker Note28 Aug 2019 17:09
May have disappointed one or two holders and 2019 FY could show forecast revenues of £2mln for Eden rising to £3.6mln in 2020 and then £6.6mln in 2021.
However, analysts said they had forecast the company’s figures “conservatively”, and saw the potential for Eden to deliver 2019 revenues of up to £3.5mln depending on various outcomes including “upfront payments, milestones and sales currently dependent upon regulatory approval”.
Difficult to predict what FY 2019's revenue could be, but looking ahead to 2020, by which time the US EPA will hopefully have approved Mevalone and Cedroz for use in the US, a major market, looking very rosy.