Avid Bioservices Inc (CDMO)

[tech0200]

Was Avid ever profitable? Ronin forced the sale of bavi which was siphoning off Avid's profits. When was Avid profitable and by how much in the period between the sale of Avid and the start of the new plants? Shouldn't that have been a very profitable period?

The start of the construction of the new plants (one completed in April and the other one to be completed in about another month?) was and is still wiping out profits from the first manufacturing plant but by how much and for how much longer? How long will the depreciation costs continue for? What kind of depreciation method are they using? The 500 million R&D expenses are still being kept in the drawer and were used only for one quarter.

Are they charging enough for the end product to pull in a profit that is in line with the industry profits or are they selling the finished products too cheap to raise the margin to 30% where it should be?

As much as one may want to blame Nick, he is just following marching orders. The BOD is responsible unless Nick is incompetent. We just don't know.