Replies to post #291105 on Avid Bioservices Inc (CDMO)

[corporalagarn]

Last years' gross revenue was 44.3m with a gross profit of 21.3.

This year they are predicting gross revenue of 60m and (my prediction) gross profit of about 20m.

Does that seem right to you. What good is increasing revenue with decreasing profits. Make any excuses you want, millions in test runs, whatever, it is not good.

Any new sites that they would open would be funded by dilution.

Predictions of breakeven, as if that's some great feat, are worthless until it is actually accomplished. Make no mistake, they will breakeven because they abandoned all of their R&D because they sucked at it.

I've been hearing partnership talk from this crew for 15 years, Bavi, Cotara, on and on. Ink one, just one, with money, and I'll believe.

It's nice we can pay others to play with our stuff. Does nothing for the pps.

After reading the SEC filing I would disagree with you regarding the gross profit percentage for their three customers. It's common sense, I don't really need my CPA certificate to lend it any credibility.

Hey, you're a CPA, tell everyone here how that NOL of 550,000,000 is worth $270m to an acquiring company. That'll be good for a laugh.