Avid Bioservices Inc (CDMO)

[pphmtoolong]

corp, Avid has been profitable for years on a small scale. As it has grown, it has continued to be profitable. Third party revenue with a 40% compounded growth rate for years. These are audited numbers, not some baloney management puffery.

As to drug development, yeah it has not worked. Maybe never will.

Meanwhile, I won't mind if I have to wait a year or two for my PPHM investment to get back in the black. Actually, that would be a huge return on my remaining investment. Of course risky, but I like their chances as a manufacturer with rapidly growing sales. I like it better than selling and buying another high risk bio or a no return money market, CD or treasury.

GLTA, Paul