Avid Bioservices Inc is a biotechnology company focused on providing comprehensive biomanufacturing solutions for the development and production of complex biologics, including monoclonal antibodies and other therapeutic proteins
The company serves a diverse range of clients, including pharmaceutical and biotechnology firms, by offering a wide array of services that encompass process development, scale-up, and cGMP (current Good Manufacturing Practice) production. Avid Bioservices is dedicated to advancing the field of biopharmaceuticals through its expertise in cell culture development and regulatory compliance, ultimately supporting the successful commercialization of innovative therapies for various diseases.
Avid reported fourth quarter financial results on Tuesday after the market closed. The company reported a loss of $1.94 per share missing analyst estimates of a loss of 4 cents per share.
U.S. stocks traded higher toward the end of trading, with the Nasdaq Composite gaining over 250 points on Thursday. The Dow traded up 0.34% to 38,793.79 while the NASDAQ rose 1.63% to 16,292.61. The S&P 500 also rose, gaining, 1.06% to 5,158.91.
Avid Bioservices' Q3 fiscal 2024 report: $33.8 million revenues, 11% Y/Y decrease, $41 million new orders, $206 million backlog. Operating loss at $4 million. Completed CGT facility. Fiscal year 2024 revenue guidance: $137-$147 million.
Shares of HighPeak Energy, Inc. (NASDAQHPK) fell sharply during Thursday’s session after the company reported worse-than-expected fourth-quarter revenue results.
U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining over 1% on Thursday. The Dow traded up 0.26% to 38,762.00 while the NASDAQ rose 1.38% to 16,253.50. The S&P 500 also rose, gaining, 0.91% to 5,151.16.
U.S. stocks traded higher this morning, with the Nasdaq Composite gaining over 100 points on Thursday. Following the market opening Thursday, the Dow traded up 0.47% to 38,843.54 while the NASDAQ rose 0.66% to 16,137.37. The S&P 500 also rose, gaining, 0.57% to 5,134.03.
Shares of Rush Street Interactive, Inc. (NYSERSI) rose sharply in today’s pre-market trading as the company reported better-than-expected fourth-quarter financial results and issued strong revenue guidance for 2024.
