Avid Bioservices Inc (CDMO)

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They need more than just customers. They need a diversified set of customers where one customer doesn't account for more than half of the revenue. This is one reason that the upcoming fiscal year revenue projections are flat.

The company is so poorly run that sometimes I wonder how the current Management/BOD have been in place for over a decade. That makes absolutely no sense. Peregrine is probably the only company which seems to excel at failing while rewarding themselves.