Dimitre Genov's questions to PROC leadership • Q2 2023
Question
Inquired about the basis for optimism for a strong Q4, the expected financial contribution from the Florida facilities, the current M&A strategy, and plans to increase the stock's liquidity.
Answer
The company's Q4 optimism is based on a strong portfolio of delayed CDMO orders, favorable currency exchange rates, and new product launches. They declined to provide specific financial projections for the Florida facilities. The M&A strategy is on hold for 2023 to focus on internal efficiencies and cash generation, with a potential return to M&A in 2024. To increase liquidity, they are using a share buyback program, engaging with smaller investment banks for broader coverage, and believe improving results will attract more investors.