Avid Bioservices Inc (CDMO)

[westjtter]

Yes, very good points...I guess no one was responsible and no big deal??????

But going beyond that, just confirming guidance of $137 mil to $147 mil is not going to get it done! The backlog of $206 mil is great, but a backlog in itself does not add to the revenues. For this stock to go anywhere in the near term(2 YEARS), they will have to start converting this backlog to revenues....to go from $140 mil to $400 mil will take a lot of solid incremental revenue increases every quarter.

Even if they hypothetically increased their revenues by an additional $10 mil per quarter(which they have not been able to do over the last year since they somewhat regressed) that would just take us to $180 mil next year(2025).....$220 mil the year after(2026)......well you get the picture...even with these kinds of increases they have a long way to go to get to $400 mil....lets call this the promised land of $25 to $28 per share.....in the range of 7 years.....that is IF they are able to achieve this kind of revenue growth!

The Laughing Water Capital article and comments seem to indicate closer to a 2 year timetable to fill their capacity....not sure how they arrived at that with current guidance for 2024 of $137 to $147 mil??? That would mean that in 2025 they would pull in an additional $250 Mil in revenue???

I guess we will just have to wait and see if the next quarter finally begins to show some solid growth, as without that, we are not going anywhere quickly!