Avid Bioservices Inc (CDMO)

[bfiest]

The plan looks solid and is appreciated. But I agree, 2 years seems like under-performance, in my opinion. Maybe they have finally learned the art of under promising and over delivering as opposed to the opposite. We can only hope.

Looking from the outside in, with the new focus on manufacturing, with market demand being considerable and growing, with the accolades that Avid has been awarded to date, with the excess capacity that we have been told is currently available and with more capacity to come, all the while they are mitigating costs elsewhere, it would seem they could become profitable much quicker then 2 years. In my opinion, this is really setting the bar low..Where is the sense of urgency that is necessary in this situation? Let's hope reality far out performs this seemingly less than ambitious goal.