Avid Bioservices Inc (CDMO)

[cjgaddy]

Oh how I tire of this…

“If you take out the government revenues and average by 3 years, you only get 3.48 million per year without the govt. That is a decrease from 2007 and is pretty pathetic.”

Should read:

“No need to take out the government revenues since they are not included in Avid Revenues in the financials, so Avid revs over the past 3 years totaled $32,064,000 without the government. That’s an average of $10,688,000 per year, vs. Avid’s revs of 3,492,000 for 2007, all again without the government. That is an increase from 2007 of 207% and is pretty impressive.”

TOTAL REV’s BY YEAR:
FY04 4-30-04 3,314 …Avid(CMO)= 3,039 (Avid-Revs don’t incl. Govt-SVCS)
FY05 4-30-05 4,959 …Avid(CMO)= 4,684
FY06 4-30-06 3,193 …Avid(CMO)= 3,005
FY07 4-30-07 3,708 …Avid(CMO)= 3,492
FY08 4-30-08 6,093 …Avid(CMO)= 5,897
FY09 4-30-09 18,151 …Avid(CMO)= 12,963
FY10 4-30-10 27,943 …Avid(CMO)= 13,204
...Total Gov’t Revs from 7-2008 inception thru FY11Q1(Jul’10): $21.62mm

Avid Rev$ from Gov’t DTRA Contract work go into GOVT-REVS, not AVID-REVS, in the Financials.