Replies to post #115986 on Avid Bioservices Inc (CDMO)

[cjgaddy]

Avid GP% for Q3=47%, up from Q2=39%...

Avid-Only from the 10Q 1-31-13 iss. 3-12-13: http://tinyurl.com/cu2qry5
REVENUES – Q3FY13 (q/e 1-31-13):
Contract mfg. revenue $6,961,000
Cost of contract mfg. $3,651,000
Gross Profit contract mfg: $3,310,000
That’s Gross Margin (%) = 47%

= = = = =
COMPARE TO LAST QTR:
Avid-Only from the 10Q 10-31-12 iss. 12-10-12: http://tinyurl.com/bcoq6yd
REVENUES – Q2FY13 (q/e 10-31-12):
Contract mfg. revenue $6,061,000
Cost of contract mfg. $3,703,000
Gross Profit contract mfg: $2,358,000
That’s Gross Margin (%) = 39%

- - - - -Defs:
COST OF REVENUE (COGS) – All expenses directly related to the production of product sold. Material + Labor + Overhead (Fixed & Variable)

GROSS-PROFIT = SALES – COGS

NET-PROFIT = GROSS PROFIT – (SELLING + G&A)

= = = = = = = =Contributing to these downtrends…

PPHM’S QTLY. NET LOSS TREND BY QTR:
FY12Q1 7-31-11 8,092,000
FY12Q2 10-31-11 12,055,000
FY12Q3 1-31-12 11,090,000
FY12Q4 4-30-12 10,882,000
FY13Q1 7-31-12 7,664,000
FY13Q2 10-31-12 8,753,000
FY13Q3 1-31-13 4,914,000

OPER. CASH BURNS* BY QTR:
FY12Q1 7-31-11 6,984,000 (from 10Q pg.25)
FY12Q2 10-31-11 11,668,000 (Q1+Q2: 18,652,000 pg.25)
FY12Q3 1-31-12 8,490,000 (Q1+Q2+Q3: 27,142,000 pg.25)
FY12Q4 4-30-12 11,265,000 (FY’12: 38,407,000 10K pg.55)
FY13Q1 7-31-12 6,742,000 (from 10Q pg.21)
FY13Q2 10-31-12 6,162,000 (Q1+Q2: 12,904,000 pg.23)
FY13Q3 1-31-13 3,597,000 (Q1+Q2+Q3: 16,501,000 pg.23)

FY’09 total Op-Burn: $14,715,000
FY’10 total Op-Burn: $11,908,000
FY’11 total Op-Burn: $29,431,000
FY’12 total Op-Burn: $38,407,000

*The 10-Q’s define OPER.BURN as, ”Net cash used in operating activities before chgs. in operating assets & liabilities”.