When Will Avid Bioservices, Inc. (NASDAQ:CDMO) Become Profitable? [Yahoo! Finance News]
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
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Source: Yahoo! Finance News
Avid Bioservices, Inc.'s NASDAQ:CDMO Check out our latest analysis for Avid Bioservices Consensus from the 5 Biotechs analysts is CDMO is on the verge of breakeven. They anticipate the company to incur a final loss in 2020, before generating positive profits of US$2.6m in 2021. So, CDMO is predicted to breakeven approximately a couple of months from now! What rate will CDMO have to grow year-on-year in order to breakeven on this date? Using a line of best fit, I calculated an average annual growth rate of 92%, which signals high confidence from analysts. If this rate turns out to be too aggressive, CDMO may become profitable much later than analysts predict. I’m not going to go through company-specific developments for CDMO given that this is a high-level summary, but, keep in mind that typically a biotech has lumpy cash flows which are contingent on the product type and stage of development the company is in. This means that a high growth rate is not unusual, especially if the compa
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CDMO
News
- SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Avid Bioservices, Inc. - CDMOAccesswire
- Avid Bioservices to Participate at Upcoming Investor Conferences [Yahoo! Finance]Yahoo! Finance
- Avid Bioservices to Participate at Upcoming Investor ConferencesGlobeNewswire
- 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
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