Avid bioservices, inc. (CDMO)
Balance Sheet / TTM
Jan'20Oct'19Jul'19Apr'19Jan'19Oct'18Jul'18Apr'18Jan'18Oct'17Jul'17Apr'17Jan'17Oct'16Jul'16Apr'16Jan'16Oct'15Jul'15Apr'15Jan'15Jul'14Apr'14Jan'14Oct'13Jul'13Apr'13Jan'13Oct'12Jul'12Apr'12Jan'12Oct'11Jul'11Apr'11
ASSETS
CURRENT ASSETS:
Cash and cash equivalents

30,687

33,960

28,944

32,351

27,758

32,694

37,484

42,265

17,938

27,727

37,256

46,799

41,528

49,055

44,195

61,412

67,470

72,005

59,016

68,001

55,238

73,256

77,490

63,177

44,443

41,600

35,204

26,255

24,443

18,991

18,033

19,761

18,055

16,540

23,075

Accounts receivable

10,151

7,422

8,223

7,374

7,885

4,197

2,951

3,754

7,967

3,508

7,884

7,742

5,883

6,066

7,537

2,859

8,599

2,904

1,805

3,813

6,284

1,391

1,332

2,782

1,936

2,272

1,662

1,983

2,320

2,271

2,353

2,078

1,191

1,087

1,389

Contract assets

6,111

6,110

5,589

4,327

3,912

5,092

4,775

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Government contract receivables

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

93

Inventory

9,565

7,809

8,031

6,557

8,660

9,736

9,168

16,129

14,218

16,518

24,235

33,099

33,829

25,924

25,274

16,186

15,189

12,554

10,457

7,354

6,148

5,998

5,530

5,224

4,033

5,679

4,339

4,635

5,426

5,744

3,611

2,744

3,178

4,481

5,284

Prepaid expenses

-

-

-

-

567

774

528

679

906

1,223

1,388

808

-

-

-

1,351

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Assets of discontinued operations

-

-

-

-

0

0

2,014

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid expenses and other current assets

763

926

777

709

-

-

-

-

-

-

-

-

1,747

1,711

1,235

-

2,346

1,995

1,052

1,355

934

883

1,419

1,050

874

635

709

878

885

887

795

1,238

1,125

853

974

Assets of discontinued operations

-

-

-

-

-

-

-

5,000

-

-

-

1,426

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total current assets

57,277

56,227

51,564

51,318

48,782

52,493

56,920

67,827

41,029

48,976

70,763

89,874

82,987

82,756

78,241

81,808

93,604

89,458

72,330

80,523

68,604

81,528

85,771

72,233

51,286

50,186

41,914

33,751

33,074

27,893

24,792

25,821

23,549

22,961

30,815

Leasehold improvements

-

-

-

-

-

-

-

-

-

-

-

20,098

-

-

-

19,610

-

-

-

1,538

-

-

1,538

-

-

-

1,383

-

-

-

1,383

-

-

-

932

Laboratory equipment

-

-

-

-

-

-

-

-

-

-

-

10,229

-

-

-

10,257

-

-

-

5,965

-

-

5,646

-

-

-

5,441

-

-

-

4,967

-

-

-

4,391

Furniture, fixtures, office equipment and software

-

-

-

-

-

-

-

-

-

-

-

4,385

-

-

-

4,045

-

-

-

3,991

-

-

2,679

-

-

-

2,627

-

-

-

2,287

-

-

-

1,814

Construction-in-progress

-

-

-

-

-

-

-

-

-

-

-

2,841

-

-

-

-

-

-

-

11,819

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Property and equipment, gross

-

-

-

-

-

-

-

-

-

-

-

37,553

-

-

-

33,912

-

-

-

23,313

-

-

9,863

-

-

-

9,451

-

-

-

8,637

-

-

-

7,137

Less accumulated depreciation and amortization

-

-

-

-

-

-

-

-

-

-

-

11,508

-

-

-

9,610

-

-

-

8,189

-

-

7,416

-

-

-

6,773

-

-

-

5,737

-

-

-

4,928

Property and equipment, net

26,850

26,990

26,453

25,625

25,876

26,279

26,336

26,479

26,325

27,148

24,399

26,045

24,143

23,957

24,261

24,302

23,846

21,764

18,395

15,124

8,958

3,647

2,447

2,514

2,315

2,448

2,678

2,783

2,683

2,868

2,900

2,659

2,540

2,441

2,209

Operating lease right-of-use assets

20,437

21,381

22,601

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restricted cash

350

350

1,150

1,150

-

-

-

1,150

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restricted cash

-

-

-

-

1,150

1,150

1,150

-

1,150

1,150

1,150

1,150

600

600

600

600

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other assets

302

302

302

302

302

302

302

304

1,353

1,353

3,963

1,043

3,587

2,624

2,502

2,333

1,602

1,435

1,307

1,817

1,559

2,432

2,327

1,738

1,506

689

466

623

771

745

570

960

1,187

1,613

1,742

TOTAL ASSETS

105,216

105,250

102,070

78,395

76,110

80,224

84,708

95,760

69,857

78,627

100,275

118,112

111,317

109,937

105,604

109,043

119,052

112,657

92,032

97,464

79,121

87,607

90,545

76,485

55,107

53,323

45,058

37,157

36,528

31,506

28,262

29,440

27,276

27,015

34,766

LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
Accounts payable

5,332

6,126

5,458

4,352

2,916

3,223

3,122

1,909

1,911

2,739

4,013

3,000

7,696

11,572

9,095

8,429

7,844

6,901

9,840

10,385

6,814

5,080

2,434

1,879

2,371

2,160

2,821

1,620

3,176

4,151

3,492

3,940

4,425

2,959

4,046

Accrued clinical trial and related fees

-

-

-

-

-

-

-

-

5,503

5,392

4,812

-

3,127

3,639

6,577

7,594

6,975

6,138

4,106

3,910

3,117

1,887

4,433

1,358

1,029

608

930

1,478

1,558

1,909

2,111

3,042

2,222

2,786

2,292

Accrued payroll and related costs

2,985

3,360

3,230

3,540

2,549

1,829

2,030

2,564

3,876

4,063

4,844

5,055

5,637

5,280

3,653

5,821

4,497

4,130

3,094

4,606

3,716

2,654

3,837

3,309

3,152

3,271

3,582

2,949

2,394

2,908

2,468

2,098

1,523

1,532

1,455

Contract liabilities

26,355

22,199

18,104

14,651

14,620

17,307

17,994

27,935

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease liabilities

1,172

1,241

1,382

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Notes payable, current portion and net of discount

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

333

829

1,321

Deferred revenue

-

-

-

-

-

-

-

-

6,633

7,473

13,433

28,500

26,367

17,980

21,531

10,030

15,418

9,688

8,291

6,630

5,752

4,670

5,241

4,329

3,468

4,164

4,171

5,061

6,221

6,056

3,651

2,552

2,012

4,145

5,617

Customer deposits

-

-

-

-

-

-

-

-

17,602

13,138

14,322

17,017

26,210

26,928

21,731

24,212

22,433

14,935

9,599

11,363

8,311

6,226

5,760

8,646

7,658

8,528

8,059

6,729

8,500

10,224

4,865

2,463

1,703

289

1,759

Other current liabilities

710

746

761

619

638

433

609

905

749

745

963

636

941

1,012

669

1,488

1,047

667

620

437

490

606

502

1,228

1,089

1,335

998

930

1,083

1,308

1,052

1,104

1,117

1,253

1,189

Liabilities of discontinued operations

-

-

-

-

125

416

1,969

4,550

-

-

-

8,723

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total current liabilities

36,554

33,672

28,935

23,162

20,848

23,208

25,724

37,863

36,274

33,550

42,387

62,931

69,978

66,411

63,256

57,574

58,214

42,459

35,550

37,331

28,200

21,123

22,207

20,749

18,767

20,066

20,561

18,767

22,932

26,556

17,639

15,199

13,335

13,793

17,679

Operating lease liabilities, less current portion

21,584

22,394

23,451

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue, less current portion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

292

292

292

292

292

292

205

284

361

523

601

554

632

Deferred rent, less current portion

0

0

0

2,072

2,105

2,126

2,145

2,159

2,064

2,171

1,880

1,599

1,325

1,347

1,414

1,395

905

972

1,036

1,098

-

-

347

-

-

-

-

-

-

-

-

-

-

-

-

Capital lease, less current portion

-

-

-

-

93

93

93

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other long-term liabilities

0

0

0

93

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,127

892

-

373

399

422

445

699

721

742

779

813

844

871

1,037

TOTAL LIABILITIES

58,138

-

-

25,327

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Commitments and contingencies

-

-

-

-

-

0

0

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

STOCKHOLDERS' EQUITY:
Preferred stock, $0.001 par value; 5,000 shares authorized; 1,648 shares issued and outstanding at January 31, 2020 and April 30, 2019, respectively

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

2

1

1

1

0

0

0

0

0

0

0

0

0

0

0

0

Common stock, $0.001 par value; 150,000 shares authorized; 56,479 and 56,136 shares issued and outstanding at January 31, 2020 and April 30, 2019, respectively

56

56

56

56

56

56

55

55

45

45

45

44

271

252

241

34

232

226

201

193

184

179

179

176

160

153

143

134

123

104

101

-

-

-

70

Common stock-$0.001 par value; authorized 325,000,000 shares; outstanding  93,146,226 and 69,837,142, respectively

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

93

82

72

-

Additional paid-in-capital

613,323

613,325

613,395

613,615

613,947

614,541

615,040

614,810

593,621

594,004

594,482

590,971

571,904

566,314

561,024

559,314

557,091

549,543

522,590

512,464

491,098

481,807

470,785

447,913

418,783

407,894

391,521

376,720

367,088

349,608

347,506

340,054

328,566

315,822

311,353

Accumulated deficit

-566,303

-564,199

-563,769

-560,605

-560,941

-559,802

-558,351

-559,129

-562,149

-551,145

-538,521

-537,435

-532,163

-524,389

-520,333

-509,276

-497,392

-480,545

-467,347

-453,624

-441,489

-416,395

-403,266

-393,018

-383,294

-375,504

-367,904

-359,455

-354,541

-345,788

-338,124

-327,242

-316,152

-304,097

-296,005

Total stockholders' equity

47,078

49,184

49,684

53,068

53,064

54,797

56,746

55,738

31,519

42,906

56,008

53,582

40,014

42,179

40,934

50,074

59,933

69,226

55,446

59,035

49,794

65,592

67,699

55,071

35,649

32,543

23,760

17,399

12,670

3,924

9,483

12,905

12,496

11,797

15,418

Total liabilities and stockholders' equity

105,216

105,250

102,070

78,395

76,110

80,224

84,708

95,760

69,857

78,627

100,275

118,112

111,317

109,937

105,604

109,043

119,052

112,657

92,032

97,464

79,121

87,607

90,545

76,485

55,107

53,323

45,058

37,157

36,528

31,506

28,262

29,440

27,276

27,015

34,766