Avid Bioservices Inc (CDMO)

[exwannabe]

Profitability? They have said it will be 20 months away.

No argument, but wrt dillution cash flow matters.

Once they are finished with the AVID III capex, they could be cash flow break even (particularly with some modest belt tightening in R&D and non-Avid S&A).

And if they can get to that point, they could tap grown-up sources for cash as needed.

I do think they need some more cash to get through this winter (and build Avid III) while maintaining a safety net. But if they can get their act together, that might finally be the end of the ATM.