Avid Bioservices Inc (CDMO)

[djohn]

I think that also. This was a forced refinancing by a original note holder sick and tired of getting only 1.25%(no prospect of a convertible profit) on their money, so they found a legal(loophole) way out.
Could very well be the same note holder doing the refinancing. Could very well be that the same note holder made money shorting the stock last few months.
Now we have to deal with the dismal results over the last 3 quarters!
Can we still make decent margins with all input costs increasing and new interest costs coupled with lower demand for PD work???

Please stop saying that with only a $206mil back log we can make a profit WE CAN'T. thats over 5 quarters.
That's $41mil in rev a quarter. In FY24 first 3 Q Rev was $97mill and we have lost $17mill
At $41 mil per quarter we barely break even.
We need new business fast.!!!!