Avid Bioservices: Fiscal Q1 Earnings Snapshot
By AP News
Published - Sep 09, 2024, 04:19 PM ET
Last Updated - Dec 16, 2024, 07:26 PM EST
TUSTIN, Calif. (AP) — TUSTIN, Calif. (AP) — Avid Bioservices Inc. (CDMO) on Monday reported a loss of $5.5 million in its fiscal first quarter.
The Tustin, California-based company said it had a loss of 9 cents per share. Losses, adjusted for stock option expense and non-recurring costs, came to 3 cents per share.
The contract manufacturer posted revenue of $40.2 million in the period.
Avid Bioservices expects full-year revenue in the range of $160 million to $168 million.
