Avid Bioservices (CDMO) Reports Q3 Loss of $0.05/Share

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Go back to Avid Bioservices (CDMO) Reports Q3 Loss of $0.05/Share

Avid Bioservices Reports Financial Results for Third Quarter Fiscal 2019 and Recent Developments

March 11, 2019 4:05 PM EDT

-- Achieved Revenue of $13.8 Million, an Increase of 102%Compared to Prior Year Quarter --

-- Signed Project Expansion Orders with Existing Customers Representing $23.8 Million --

-- Completed Process Validation Campaign for Future Commercial Production with Other Validations Ongoing --

TUSTIN, Calif., March 11, 2019 (GLOBE NEWSWIRE) -- Avid Bioservices, Inc. (NASDAQ: CDMO) (NASDAQ: CDMOP), a dedicated biologics contract development and manufacturing organization (CDMO) working to improve patient lives by providing high quality development and... More