Avid Bioservices (CDMO) Reports Q4 Loss of $0.04/sh

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Go back to Avid Bioservices (CDMO) Reports Q4 Loss of $0.04/sh

Avid Bioservices Reports Financial Results for Fourth Quarter and Fiscal Year Ended April 30, 2021 and Recent Developments

June 29, 2021 4:05 PM EDT

-- Recorded Fourth Quarter Revenue of $27.6 Million and Annual Revenue of $95.9 Million --

-- Achieved Four Consecutive Quarters of Operational Profitability During Fiscal 2021 --

-- Signed Approximately $148 Million in New Business Orders and Achieved a Year-End Backlog of $118 Million During Fiscal 2021 , an 85% and 82% Increase Over Prior Year, Respectively --

-- Raised $138.5 Million Net in Successful Offering of 1.25% Convertible Senior Notes --

-- Project Fiscal 2022 Revenue of $115 to $117 Million, Representing 20% - 22% Growth Over Fiscal 2021 --

TUSTIN, Calif, June 29, 2021... More