Here's Why Avid Bioservices Tumbled Today [The Motley Fool]
Avid Bioservices, Inc. (CDMO)
Last avid bioservices, inc. earnings: 3/10 04:05 pm
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US:NASDAQ Investor Relations:
ir.avidbio.com
Company Research
Source: The Motley Fool
What happened Shares of Avid Bioservices ( NASDAQ:CDMO iously, the company had been expecting annual revenue of $64 million to $67 million. It now expects only $55 million to $59 million in revenue during the current fiscal year, which ends on the last day of April. As of :54 p.m. EDT, the small-cap stock Image source: Getty Images. So what Avid Bioservices CEO Rick Hancock said he expected the operational setback would be limited to fiscal 00. To that point, the company exited January (and its fiscal third quarter of 00) with a revenue backlog of $58 millon. That marked a % increase compared to the fiscal second quarter of 00. That said, investors might need to adopt a more cautious mindset for another quarter or two. Trust and track record are paramount to a CDMO. That's kind of the point. A drug developer relieves itself of all the engineering and regulatory headaches of drug manufacturing by hiring a CDMO. When the CDMO you hired or were thinking of hiring encounters a major opera
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CDMO
News
- Punch and Associates sends letter to Board of Directors of Avid Bioservices, Inc. [Yahoo! Finance]Yahoo! Finance
- SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates CDMO, ROIC, ALVR, VINE on Behalf of ShareholdersAccesswire
- Avid Bioservices, Inc. (NASDAQ: CDMO) was downgraded by analysts at Craig Hallum from a "strong-buy" rating to a "hold" rating.MarketBeat
- SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates CDMO, ALVR, VINE, ROIC on Behalf of ShareholdersAccesswire
- SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates CDMO, ALVR, VINE on Behalf of ShareholdersAccesswire
CDMO
Earnings
- 9/9/24 - Miss
CDMO
Sec Filings
- 11/14/24 - Form SC
- 11/12/24 - Form SC
- 11/7/24 - Form 8-K
- CDMO's page on the SEC website