CDMO Stock - Avid Bioservices, Inc.
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Financial Statements
| Metric | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|
| Revenue | $139.91M | $149.27M | $119.60M | $95.87M | $59.70M |
| Gross Profit | $7.32M | $31.48M | $36.65M | $29.31M | $3.93M |
| Gross Margin | 5.2% | 21.1% | 30.6% | 30.6% | 6.6% |
| Operating Income | $-18,678,000 | $-2,607,000 | $10.86M | $8.92M | $-10,585,000 |
| Net Income | $-140,753,000 | $560,000 | $127.67M | $11.21M | $-7,256,000 |
| Net Margin | -100.6% | 0.4% | 106.8% | 11.7% | -12.2% |
| EPS | $-2.23 | $0.01 | $2.08 | $0.06 | $-0.13 |
Avid Bioservices, Inc., a contract development and manufacturing organization, provides process development and current good manufacturing practices (CGMP) clinical and commercial manufacturing services focused on biopharmaceutical drug substances derived from mammalian cell culture. The company produces monoclonal antibodies and recombinant proteins; and offers services, including CGMP clinical and commercial drug substance manufacturing, bulk packaging, release and stability testing, and regulatory submission and support. It also provides various process development services, such as upstream and downstream development and optimization, analytical methods development, testing, and characterization. The company serves biotechnology and biopharmaceutical industries. The company was formerly known as Peregrine Pharmaceuticals, Inc. and changed its name to Avid Bioservices, Inc. in January 2018. Avid Bioservices, Inc. was incorporated in 1981 and is headquartered in Tustin, California.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| September 28th 2023 | William Blair | Initiation | Market Perform | - |
| March 14th 2023 | KeyBanc Capital Markets | Upgrade | Overweight | $20 |
Earnings History & Surprises
CDMOEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q4 2024 | Dec 10, 2024 | $-0.12 | $-0.22 | -83.3% | ✗ MISS |
Q4 2024 | Dec 10, 2024 | $-0.12 | $-0.22 | -83.3% | ✗ MISS |
Q3 2024 | Sep 9, 2024 | $-0.02 | $-0.03 | -63.7% | ✗ MISS |
Q3 2024 | Sep 9, 2024 | $-0.02 | $-0.03 | -63.7% | ✗ MISS |
Q3 2024 | Jul 2, 2024 | $-0.04 | $-0.07 | -71.4% | ✗ MISS |
Q3 2024 | Jul 2, 2024 | $-0.00 | $-0.07 | -5085.2% | ✗ MISS |
Q2 2024 | Apr 24, 2024 | $-0.05 | $-0.08 | -71.4% | ✗ MISS |
Q1 2024 | Mar 25, 2024 | $-0.05 | $-0.09 | -80.0% | ✗ MISS |
Q4 2023 | Dec 7, 2023 | $-0.06 | $-0.15 | -150.0% | ✗ MISS |
Q3 2023 | Sep 7, 2023 | $-0.03 | $-0.03 | -9.1% | ✗ MISS |
Q2 2023 | Jun 21, 2023 | $-0.02 | $0.05 | +350.0% | ✓ BEAT |
Q1 2023 | Mar 13, 2023 | $0.03 | $0.07 | +128.5% | ✓ BEAT |
Q4 2022 | Dec 6, 2022 | $-0.00 | $-0.01 | -300.0% | ✗ MISS |
Q3 2022 | Sep 6, 2022 | $0.07 | $0.04 | -45.5% | ✗ MISS |
Q2 2022 | Jun 29, 2022 | $0.01 | $0.07 | +600.0% | ✓ BEAT |
Q1 2022 | Mar 8, 2022 | $0.05 | $0.09 | +80.0% | ✓ BEAT |
Q4 2021 | Dec 7, 2021 | $0.04 | $0.10 | +140.0% | ✓ BEAT |
Q3 2021 | Sep 8, 2021 | $0.04 | $0.10 | +166.7% | ✓ BEAT |
Q2 2021 | Jun 29, 2021 | $-0.00 | $-0.04 | -900.0% | ✗ MISS |
Q1 2021 | Mar 8, 2021 | $0.00 | $0.01 | +133.1% | ✓ BEAT |
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