Avid Bioservices Inc (CDMO)

[realist1]

RE "Can you explain why you see Avid is in a desperation finance mode?"

Simple: Because of current cash level and cash burn rate.
The just reported quarters income statement was a horror show.
And it looks like the next 2 quarters will also see revenue DROPS which make matters worse.

I'd love to see a model for what revenue level would be needed to achieve cash flow break even. But I know it's a long way off and until then it's the dilution train again.