It is kind of lame to say there is 63% growth since FY2006! Most companies compare prior year or q/q. Their revenues have dropped to $10 mil (first 2 q 2011/ + last 2 q 2010) from $18 million in 2009/10. That doesn't look quite so good. Selective comparisons are irrelevant. Or, for the first half of FY 2011, our revenues have dropped from 7378 first half 2010 to 4610 first half FY2011. Still negative. Or, from 5308 2Q2010 to 3627 2Q2011. Still bad.
Doesn't look to me like Avid is drumming up a lot of business for a service that there is supposed to be a shortage of. Is Eso in charge of drumming up business?
Three Months Ended October 31,
United States (one customer) 2010.. 52%.. 2009 .... 23% Germany (one customer)....... 2010. 47%... 2009 . .. 20% Canada (one customer) .........2010.. 0%..... 2009 ... 50% Other customers ...................2010.. 1% ..... 2009 ..... 7% Total customer revenues as a percentage of revenue 100% 100%
Three and Six Months: The decreases in contract manufacturing revenue of $1,681,000 (or 32%) and $2,768,000 (or 38%) during the three and six months ended October 31, 2010, compared to the same periods in the prior year was primarily due to a decrease in the level of services provided to third-party customers compared to the same periods of the prior year.
SIX MONTHS ENDED OCTOBER 31,
REVENUES: Contract manufacturing revenue $4,610,000 Cost of contract manufacturing $4,159,000
We do not have experience as a company conducting large-scale clinical trials, or in other areas required for the successful commercialization and marketing of our product candidates.
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