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CytoSorbents Corporation (CTSO) CEO Phillip Chan on Q4 2019 Results - Earnings Call Transcript

Mar. 05, 2020 9:42 PM ETCytosorbents Corporation (CTSO)2 Comments
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CytoSorbents Corporation (NASDAQ:CTSO) Q4 2019 Earnings Conference Call March 5, 2020 4:45 PM ET

Company Participants

Jeremy Feffer - IR, LifeSci Advisors

Phillip Chan - CEO and President

Kathleen Bloch - CFO

Vincent Capponi - COO

Conference Call Participants

Andrew D'Silva - B. Riley FBR Company

Sean Lee - H.C. Wainwright


Good afternoon and welcome to the CytoSorbents' 2019 Financial and Operating Results Conference Call. At this time, all participants are in a listen-only mode. Following the formal remarks we will open the call for your questions. Please be advised that the call will be recorded at the company's request.

At this time, I would like to turn the call over to your moderator, Jeremy Feffer. Please go ahead Mr. Feffer.

Jeremy Feffer

Thank you, Omar and good afternoon. Welcome to CytoSorbents' 2019 financial and operating results conference

Joining me today from the company are Dr. Phillip Chan, Chief Executive Officer and President; Vincent Capponi, Chief Operating Officer; Kathleen Bloch, Chief Financial Officer; Dr. Christian Steiner, Senior Vice President of Sales and Marketing from Germany; and Chris Cramer, Vice President of Business Development.

Before I turn the call over to Dr. Chan, I'd like to remind listeners that during the call, management's prepared remarks may contain forward-looking statements, which are subject to risks and uncertainties. Management may make additional forward-looking statements in response to your questions today. Therefore, the company claims protection under Safe Harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Actual results may differ from results discussed today, and therefore, we refer you to a more detailed discussion of these risks and uncertainties in the company's filings with the SEC.

Any projections as to the company's future performance represented by management include estimates today as of March 5, 2020 and we assume

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Comments (2)

So last year they did just under $25M. Said they need about $1M more to break even. They also said they can max out at $80M a year in revenue. 80 - 26 = 54.
So, on $54M, assuming 80% margins,
54 x .= 43.2.
$43.2M max profits in a year. Am I missing something? Just seeing about investing here, but they just said what their max upside is. Thoughts?
Add a 20 to 30 multiple. Looks like it could be a billion dollars in market cap.
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