Avid bioservices, inc. (CDMO)
Income statement / TTM
Jan'20Oct'19Jul'19Apr'19Jan'19Oct'18Jul'18Apr'18Jan'18Oct'17Jul'17Apr'17Jan'17Oct'16Jul'16Apr'16Jan'16Oct'15Jul'15Apr'15Jan'15Oct'14Jul'14Apr'14Jan'14Oct'13Jul'13Apr'13Jan'13Oct'12Jul'12Apr'12Jan'12Oct'11Jul'11Apr'11Jan'11Oct'10Jul'10
Contract manufacturing revenue

-

-

-

-

-

-

-

-

-

-

-

-

58,509

54,434

40,587

-

34,882

33,887

30,627

26,744

23,910

22,118

23,209

22,294

19,996

23,072

21,779

21,333

19,144

15,386

13,479

14,783

14,766

13,485

12,958

8,502

0

0

0

Government contract revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,640

0

0

0

License revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

329

292

329

37

37

37

0

107

185

263

341

350

350

350

350

450

450

451

451

350

0

0

0

Revenues

64,207

64,403

56,268

53,603

43,491

36,529

39,133

53,621

0

0

0

-

-

-

-

44,357

35,211

34,179

30,956

26,781

23,947

22,155

23,209

22,401

20,181

23,335

22,120

21,683

19,494

15,736

13,829

15,233

15,897

15,499

15,938

13,492

0

0

0

Cost of revenues

55,328

54,259

49,150

46,379

41,876

41,096

47,494

56,545

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost of contract manufacturing

-

-

-

-

-

-

-

-

-

-

-

-

36,198

32,120

21,420

-

18,003

17,220

16,618

15,593

14,664

13,967

14,023

13,110

12,498

13,733

13,241

12,595

10,312

9,145

9,160

10,153

10,630

9,872

9,157

7,296

0

0

0

Gross profit

8,879

10,144

7,118

7,224

1,615

-4,567

-8,361

-2,924

1,810

13,871

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating expenses:
Selling, general and administrative

14,562

14,808

14,090

12,846

13,456

15,038

15,818

16,456

15,943

15,484

16,872

18,079

18,474

18,633

18,065

17,904

19,027

18,828

18,707

18,691

17,864

18,102

17,823

17,274

16,578

15,127

14,551

13,134

12,560

12,158

11,450

11,462

11,645

11,882

11,852

11,421

0

0

0

Loss on lease termination

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restructuring charges

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total operating expenses

0

0

-

-

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Research and development

-

-

-

-

-

-

-

-

-

-

-

-

-

47,012

54,180

-

54,795

50,900

46,713

42,996

40,278

35,666

32,620

27,723

24,745

23,533

22,629

24,306

27,401

31,144

34,909

35,688

34,756

32,629

30,155

29,462

0

0

0

Restructuring charges

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total operating expenses

-

-

-

-

-

-

-

-

-

-

-

18,079

-19,382

-171

11,170

17,904

91,825

86,948

82,038

77,280

72,806

67,735

64,466

58,107

53,821

52,393

50,421

50,035

50,273

52,447

55,519

57,303

57,031

54,383

51,164

48,179

0

0

0

Operating loss

-6,038

-5,019

-6,972

-5,622

-11,841

-19,605

-25,437

-20,638

3,549

10,913

15,150

1,292

31,181

15,906

6,159

3,487

-56,614

-52,769

-51,082

-50,499

-48,859

-45,580

-41,257

-35,706

-33,640

-29,058

-28,301

-28,352

-30,779

-36,711

-41,690

-42,070

-41,134

-38,884

-35,226

-34,687

0

0

0

Interest and other income, net

507

409

429

282

197

216

110

75

98

95

103

101

-496

-487

118

124

725

720

131

142

389

383

370

349

83

315

335

322

317

71

36

41

49

60

1,047

1,052

0

0

0

Interest and other expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

6

10

54

54

55

53

37

90

166

266

369

516

0

0

0

Total other income, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest and other expense

-

-

-

-

-

-

-

-

-

-

10

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss from continuing operations before income taxes

0

0

-

-

0

0

-

-20,563

-15,998

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income tax benefit

0

0

-

-

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss from continuing operations, net of tax

0

0

-

-

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income from discontinued operations, net of tax

0

0

-

-

0

0

-

-1,250

-16,609

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest and other expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total other income (expense), net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on early extinguishment of debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

0

0

-

-

0

0

-

-

-

-

-

Net Loss

-5,362

-4,397

-5,418

-4,215

-1,531

-11,396

-22,569

-21,813

-30,105

-26,875

-18,307

-28,159

-34,771

-43,844

-52,986

-55,652

-55,903

-52,050

-50,952

-50,358

-48,471

-45,201

-40,891

-35,362

-33,563

-28,753

-29,716

-29,780

-32,213

-38,389

-41,691

-42,119

-41,251

-39,090

-34,548

-34,151

0

0

0

Comprehensive loss

-5,362

-4,397

-5,418

-4,215

-1,531

-11,396

-22,569

-21,813

-30,105

-26,875

-18,307

-28,159

-34,771

-43,844

-52,986

-55,652

-55,903

-52,050

-50,952

-50,358

-48,471

-45,201

-40,891

-35,362

-33,563

-28,753

-29,716

-29,780

-32,213

-38,389

-41,691

-42,119

0

0

0

-

-

-

-

Series E preferred stock accumulated dividends

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Series E preferred stock accumulated dividends

4,686

4,686

4,686

4,686

0

0

0

-

-

-

4,702

4,640

4,610

4,548

4,486

4,484

4,742

4,395

4,046

3,696

3,092

0

0

-

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Net loss attributable to common stockholders

-10,048

-9,083

-10,104

-8,901

-6,217

-16,082

-27,255

-26,499

-34,807

-31,577

-23,009

-32,799

-39,381

-48,392

-57,472

-60,136

-60,645

-56,445

-54,998

-54,054

-51,039

0

0

-

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Basic and diluted net (loss) income per common share attributable to common stockholders: Continuing Operations

-0.06

-0.03

-

-

-0.05

-0.06

-

-0.03

-0.23

-0.21

-0.06

-

-0.08

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net (loss) income per common share attributable to common stockholders - Diluted, Continuing operations

-

-

-

-

-

-

-

-

-

-

0.03

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net (loss) income per common share attributable to common stockholders - Diluted, Disontinued operations

-

-

-

-

-

-

-

-

-

-

-0.09

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Basic and diluted net (loss) income per common share attributable to common stockholders: Discontinued Operations

0.00

0.00

-

-

0.00

0.01

-

0.18

-0.05

-0.10

-0.06

-

-0.17

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss per common share attributable to common stockholders

-0.06

-0.03

-0.08

0.00

-0.05

-0.05

-0.06

-

-0.28

-0.31

-

-0.11

-0.25

-0.16

-0.36

-1.72

-0.08

-0.07

-0.08

-1.84

-0.08

-0.07

-0.08

-0.06

-0.06

-0.05

-0.05

-0.06

-0.04

-0.08

-0.07

-0.10

-0.13

-0.16

-0.11

-0.15

-0.14

-0.13

-0.14

Weighted average common shares outstanding - Basic

-

-

-

-

-

-

-

-

-

-

44,773

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

64,374

56,761

-

Weighted average common shares outstanding - Diluted

-

-

-

-

-

-

-

-

-

-

44,877

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net (loss) income per common share attributable to common stockholders - Basic, Continuing operations

-

-

-

-

-

-

-

-

-

-

0.03

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net (loss) income per common share attributable to common stockholders - Basic, Disontinued operations

-

-

-

-

-

-

-

-

-

-

-0.09

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Weighted average basic and diluted shares outstanding

56,404

56,253

56,167

56,076

56,069

56,009

55,770

-

45,225

45,097

-

41,977

37,258

34,973

34,227

-505,068

227,389

203,942

197,317

-437,281

182,519

179,962

179,118

176,752

163,223

156,948

149,393

137,301

131,489

109,405

103,283

98,961

87,149

77,523

70,656

-

-

-

-