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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High impacting Avid Bioservices, Inc. news events
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CDMO
News
- SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Avid Bioservices, Inc. - CDMOPR Newswire
- SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Avid Bioservices, Inc. - CDMOAccesswire
- SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Avid Bioservices, Inc. - CDMOGlobeNewswire
- Avid Bioservices, Inc. (NASDAQ: CDMO) had its price target raised by analysts at Royal Bank of Canada from $7.00 to $8.00. They now have an "outperform" rating on the stock.MarketBeat
- Avid Bioservices (CDMO) Quantifies Wrongful Accounting Due to Misclassification of $146 Million of 2026 Notes as Long-Term Liabilities – Hagens BermanGlobeNewswire
CDMO
Earnings
- 4/24/24 - Miss
CDMO
Sec Filings
- 5/2/24 - Form 4
- 5/2/24 - Form 4
- 5/2/24 - Form 4
- CDMO's page on the SEC website