Avid Bioservices, Inc. (CDMO)

Avid Bioservices Balance Sheet

Financials in millions USD. Fiscal year is May - April.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jul 31, 2024	Apr 30, 2024	Apr 30, 2023	Apr 30, 2022	Apr 30, 2021	Apr 30, 2020
Cash & Equivalents	33.38	38.11	38.54	126.17	169.92	36.26
Short-Term Investments	3.4	4.4	-	-	-	-
Cash & Short-Term Investments	36.78	42.51	38.54	126.17	169.92	36.26
Cash Growth	47.73%	10.28%	-69.45%	-25.75%	368.58%	12.09%
Accounts Receivable	35.17	29.01	27.91	25.92	24.95	11.91
Receivables	35.17	29.01	27.91	25.92	24.95	11.91
Inventory	29.2	30.38	43.91	26.06	11.87	10.88
Prepaid Expenses	2.47	2.11	2.09	1.88	1.06	0.71
Total Current Assets	103.62	104	112.45	180.02	207.8	59.76
Property, Plant & Equipment	226.36	227.67	220.54	129.76	56.15	47.21
Other Intangible Assets	-	-	-	-	0.9	-
Long-Term Deferred Tax Assets	-	-	113.75	115.08	-	-
Other Long-Term Assets	4.66	4.88	4.82	4.98	0.66	0.65
Total Assets	334.64	336.56	451.57	429.84	265.51	107.62
Accounts Payable	20	20.67	24.59	9.5	9.26	5.93
Accrued Expenses	5.61	5.44	8.78	8.42	8.79	3.02
Short-Term Debt	-	-	-	-	-	4.38
Current Portion of Long-Term Debt	-	-	140.62	-	-	-
Current Portion of Leases	2.87	2.8	1.89	3.47	1.36	1.23
Current Unearned Revenue	37.66	39.89	37.35	53.8	50.77	29.12
Other Current Liabilities	4.95	1.77	1.91	0.57	0.76	0.81
Total Current Liabilities	71.08	70.57	215.15	75.76	70.94	44.48
Long-Term Debt	153.87	153.59	-	139.58	96.95	-
Long-Term Leases	50.7	51.44	47.25	39.98	19.89	21.24
Long-Term Deferred Tax Liabilities	-	0.07	-	-	-	-
Other Long-Term Liabilities	0.36	-	-	-	-	-
Total Liabilities	276.01	275.67	262.4	255.32	187.77	65.72
Common Stock	0.06	0.06	0.06	0.06	0.06	0.06
Additional Paid-In Capital	635.98	632.7	620.22	605.84	637.53	612.91
Retained Earnings	-577.41	-571.87	-431.12	-431.38	-559.86	-571.07
Total Common Equity	58.64	60.89	189.17	174.53	77.74	41.89
Shareholders' Equity	58.64	60.89	189.17	174.53	77.74	41.9
Total Liabilities & Equity	334.64	336.56	451.57	429.84	265.51	107.62
Total Debt	207.43	207.83	189.76	183.03	118.19	26.85
Net Cash (Debt)	-170.65	-165.33	-151.22	-56.86	51.72	9.41
Net Cash Growth	-	-	-	-	449.59%	-70.83%
Net Cash Per Share	-2.69	-2.62	-2.37	-0.81	0.87	0.17
Filing Date Shares Outstanding	63.8	63.58	62.73	61.83	61.1	56.51
Total Common Shares Outstanding	63.79	63.57	62.69	61.81	61.07	56.48
Working Capital	32.54	33.44	-102.7	104.26	136.87	15.28
Book Value Per Share	0.92	0.96	3.02	2.82	1.27	0.74
Tangible Book Value	58.64	60.89	189.17	174.53	76.84	41.89
Tangible Book Value Per Share	0.92	0.96	3.02	2.82	1.26	0.74
Machinery	48.44	47.46	42.21	36.26	27.18	21.05
Construction In Progress	73.44	72.5	68.41	43.81	8.37	2.56
Leasehold Improvements	103.18	103.18	97.51	37.35	23	21.13
Order Backlog	-	177.3	157.3	-	-	-

Source: S&P Capital IQ. Standard template. Financial Sources.