Avid Bioservices Inc (CDMO)

[cjgaddy]

Peregrine's Op.Cash.Burn for Q1(7-31-16) was $9.6mm (vs. Net Loss of $12.4mm) - see http://tinyurl.com/jydtkoy . We know from 9-8-16/PR-CC that Q2(10-31-16) Revs (to be rep. ~Dec8) will "be in excess of $20mm". With Avid's GP% running around 48% and depending on how much "in excess" of $20mm revs are, it'll be interesting how close we come to Positive Cash Burn for Q2. We'll find around Dec 8th or so!