dann:
As of March 29, 2005, 171,207,589 shares of the registrant's common stock,
$.03 par value, were outstanding.
Sales of our ELISA tests totaled approximately $2.8 million in 2004 and $3.5
million in 2003. Sales to international customers accounted for approximately
16% and 15% of our product sale revenues in 2004 and 2003, respectively.
The
statistical report assessing firm conclusions from the clinical trials is
expected to be issued in the second quarter of 2005.
In parallel with the
regulatory approval process, we have continued to advance our manufacturing
strategy. We expect to have production available to support a commercial product
launch in China subsequent to regulatory approval during the second half of
2005.
Although we issued a
$2,000,000 Promissory Note (the "Promissory Note") to Marr in January 2005, it
was due on March 31, 2005 and the proceeds have not provided us with the
liquidity to fully attain our business milestones and to achieve profitability.
We have negotiated an extension of the maturity date of the Promissory Note
until April 30, 2005.
Our current cash resources are not sufficient to sustain
our operations and achieve our milestones through the second quarter of 2005
without obtaining additional financing. We believe that we will need to arrange
additional financing of approximately $15 million to sustain our operations
throughout 2005, including the funds required to repay the Promissory Note.
ELISA Test Sales Sales of our urine ELISA Screening and Supplemental Tests
accounted for 55% and 67% of our total product sales for the years ended
December 31, 2004, and 2003, respectively. We do not expect significant changes
in the level of sales or the purchasers of our current urine EIA screening and
supplemental tests in the near future.
Years Ended December 31, 2004 and 2003
Calypte's revenues for 2004 totaled $3.3 million compared with $3.5 million for
2003, a decrease of $0.2 million or 5%. Urine EIA screening test revenues
decreased by $686,000 or 32% to $1,481,000 in 2004 compared with $2,167,000 in
2003. Urine Western Blot sales generally follow a trend similar to that of the
screening test and decreased $85,000 or 55%, from $154,000 in 2003 to $69,000 in
2004.
International sales of our EIA screening tests accounted for approximately
$16,000 and $173,000 in 2004 and 2003, respectively. Our primary international
sales in 2003 were to our Chinese distributor.
Gross margin decreased from a loss of $2,654,000 (-77% of sales in 2003) to a
loss of $3,981,000 (-142% of sales in 2004) as a result of three primary
factors
Research and development costs increased by $596,000 or 39%, from $1,544,000 in
2003 to $2,140,000 in 2004.
Selling, general and administrative costs decreased by $6,538,000 or 42%, from
$15,517,000 in 2003 to $8,979,000 in 2004.
MUHAHAHAHAHA
das wichtigste im grossen und ganzen.
aber broker wird euch erklären, warum die zahlen trotzdem gut sind und wird seienn freund kade zu rate ziehen!!!
die zahlen sind so grottenschlecht, wie erwartet
ich sage nur: be aware of caly!!!!