Categories Earnings, Health Care

Avid Bioservices (NASDAQ: CDMO): Q2 2020 Earnings Snapshot

— Avid Bioservices (NASDAQ: CDMO) reported a second-quarter 2020 loss of $0.03 per share versus a loss of $0.05 per share expected.

— Revenue soared by 80% to $18.3 million versus $14.25 million expected. This was driven by an increase in the number of in-process and completed manufacturing runs as a result of growing demand from a more diversified client base.

Earnings Update by AlphaStreet

— As of October 31, 2019, revenue backlog was about $52 million, a decrease of 16% as compared to the first quarter of fiscal 2020. The company expects to recognize the majority of this backlog within the next twelve months.

— The gross margin increased to 18% from 3% in the prior-year quarter. This was primarily attributed to the increased number of manufacturing runs.

— Looking ahead into fiscal 2020, the company confirmed its revenue outlook in the range of $64 million to $67 million. In contrast, analysts expect revenue of $65.38 million for the full year.

— The company launched expanded process development (PD) facilities and services. Also, it expanded the scope of work with multiple existing customers to increase the number of manufacturing batches and/or scale of production.

We’re on Flipboard! Follow us to receive the latest stock market, earnings, and financial news at your fingertips

Most Popular

CVX Earnings: Chevron reports lower revenue and profit for Q3 2024

Energy exploration company Chevron Corporation (NYSE: CVX) on Friday announced third-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation dropped to

Key highlights from Exxon Mobil Corporation’s (XOM) Q3 2024 earnings results

Exxon Mobil Corporation (NYSE: XOM) reported its third quarter 2024 earnings results today. Total revenues and other income remained relatively flat at $90 billion compared to the same period a

AAPL Earnings: Apple Q4 2024 sales rise 6% YoY, beat estimates

Apple Inc. (NASDAQ: AAPL) reported an increase in revenues for the fourth quarter of 2024. The top line came in above estimates. The gadget giant generated revenues of $94.9 billion

Comments

  1. Pingback: Beverly Bultron
  2. Pingback: fue email
  3. Pingback: fue
  4. Pingback: fue
  5. Pingback: DENTAL HOSPITAL
  6. Pingback: Specializations
  7. Pingback: Career services
  8. Pingback: Accounting degree
  9. Pingback: Oral Surgery
  10. Pingback: fue
  11. Pingback: bodytone
  12. Pingback: glucofort
  13. Pingback: leanbiome
  14. Pingback: Fiverr Earn
  15. Pingback: Fiverr Earn
  16. Pingback: Fiverr Earn
  17. Pingback: Fiverr Earn
  18. Pingback: fiverrearn.com
  19. Pingback: fiverrearn.com
  20. Pingback: fiverrearn.com
  21. Pingback: fiverrearn.com
  22. Pingback: fiverrearn.com
  23. Pingback: weather tomorrow
  24. Pingback: future university
  25. Pingback: agen multisbo
  26. Pingback: frenchie puppies
  27. Pingback: Fiverr.Com
  28. Pingback: french bulldog
  29. Pingback: lean manufacturing
  30. Pingback: Warranty
  31. Pingback: FUE
  32. Pingback: FUE
  33. Pingback: Classic Books 500
  34. Pingback: FiverrEarn
  35. Pingback: FiverrEarn
  36. Pingback: FiverrEarn
  37. Pingback: Media
  38. Pingback: Speaker
  39. Pingback: FiverrEarn
  40. Pingback: partners
  41. Pingback: glucoberry
  42. Pingback: Medication safety
  43. Pingback: neurozoom
  44. Pingback: Tips
  45. Pingback: FiverrEarn
  46. Pingback: FiverrEarn
  47. Pingback: live sex cams
  48. Pingback: live sex cams
  49. Pingback: FiverrEarn
  50. Pingback: french bulldog
  51. Pingback: FiverrEarn
  52. Pingback: FiverrEarn
  53. Pingback: FiverrEarn
  54. Pingback: FiverrEarn
  55. Pingback: FiverrEarn
  56. Pingback: FiverrEarn
  57. Pingback: Natural
  58. Pingback: dictionary
  59. Pingback: Kuliah Termurah
  60. Pingback: FiverrEarn
  61. Pingback: FiverrEarn
  62. Pingback: fast lean pro scam
  63. Pingback: cheap sex cams
  64. Pingback: fullersears.com
  65. Pingback: fullersears.com
  66. Pingback: live sex cams
  67. Pingback: live sex cams
  68. Pingback: frt trigger
  69. Pingback: 늑대닷컴
  70. Pingback: Free spin
  71. Pingback: allgame
  72. Pingback: 918kiss
  73. Pingback: หวย24
  74. Pingback: Best toner
  75. Pingback: pg slot
  76. Pingback: cybersécurité
  77. Pingback: Raahe Guide
  78. Pingback: judi online
  79. Pingback: upstate hotels
  80. Pingback: megagame
  81. Pingback: evisa
  82. Pingback: 3 408 cheytac
  83. Pingback: sicarios madrid
  84. Pingback: itsMasum.Com
  85. Pingback: itme.xyz
  86. Pingback: ItMe.Xyz
  87. Pingback: ItMe.Xyz
  88. Pingback: masumintl

Comments are closed.

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top