Avid Bioservices Inc (CDMO)

[pphmtoolong]

Current fiscal year Avid revenue to exceed $40 million. New Avid facility adds $40 million more capacity. Peregrine management sees the potential need for additional capacity in the near term.

OK, what does that mean. The current quarterly gross revenue run rate is $10 million. The potential with existing facilities is $20 million a quarter. They may soon see the need to expand further.

OK, what does that mean. To me it means Avid may soon be profitable enough to move Peregrine as a whole into the black.

OK, what does that mean. It means Peregrine management has a chance to development Bavi or whatever without dilution. It means Peregrine may someday pay dividends on common shares. It means Peregrine may survive the Sunrise failure.

GLTA, Paul