Avid Bioservices Inc (CDMO)

[cjgaddy]

4-30-19 10-K: Employee Counts and Going Concern Lifted (which is nice!)

“As of 4-30-18, we employed 185 full-time emps & 1 part-time emp.”
“As of 4-30-19, we employed 211 full-time emps & 4 part-time emps.”

GOING CONCERN:
4-30-18 10-K pg.30: “...as a result of the foregoing, we have concluded that there is substantial doubt about our ability to continue as a going concern within 1 year after our fin. statements are issued.”
4-30-19 10-K pg.31: “...The accompanying consolidated financial statements have been prepared assuming we will continue as a going concern...”

10K/4-30-19 iss. 6-27-19: http://tinyurl.com/yxukx6t4
10K/4-30-18 iss. 7-16-18: https://tinyurl.com/ydc8vew5

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6-27-19: Qtly. Conf. Call (Hancock/Hart/Kinjerski) PR & Transcript https://tinyurl.com/y4go7nfw
...Rick Hancock, "Most importantly, during Q4, the Company achieved positive income, generating cash from dev. & mfg. operations for the 1st time since the beginning of the CDMO transition (Jan'18)."