Avid Bioservices Inc (CDMO)

[Threes]

In reality it benefits these guys for the share price to go lower just as options come vested, reducing their tax burden. Then real numbers beat substantially and the SP pops . The tax savings would be significant. So the next 4 Q's we beat the street , crush it and everybody gets a nice payday. Maybe explains the low projections 145 to 190 MM when we were hearing 270 and 450 million in posible rev's with expansions completed. Seems conspicuously low to project 145 to 190 million rev's for 2024. Also the Q sales exceed that. Now that the expansions are completed our rev growth yoy is projected to drop to 10% when were currently growing at 2 to 3 times that without it. Doesn't make sense.