progress I'd we Thank our like make continue upstream to house to development built provide development expansion our facility respect process the and Tracy. you, purpose lab a to brief downstream capabilities. state-of-the-art now With This expanded at Franklin work, Avid's regarding process Avid. update at with will operations facility.
processes necessary, that facilities, We the to ensure leading standing remain is broadly, the this most in goal we It on of are XXXX. of track to employing effective organization evaluation fall a to ensure begin continue as the we the of possible, the where CDMO. and and our our processes. equipment calendar facility optimize where technologies update ongoing and operations More in
for finding review, As we conduct are this areas we improvement.
intent they be any to a completely time, our down. annual Avid always or shut and is during our which maintenance may occur, this potential It identify conducts partially to problems comprehensive end, overhaul, before facilities
middle this the in of currently are We process. annual
building. year will Because two of was weeks. less the and year, done exterior amount significant will year's than both less shutdown, require of have more downtime. Myford, Last work weeks, we facilities at shut that for were than was three down the only only shutdown of a during affecting down partial year, Franklin for this This last the
expect a revenue result impact in overhaul, both of stated quarter But second maintenance XXXX. our As this ability we revenue expect we not during our achieve to the to margins the of our for annual year. do guidance fiscal and anomalies
to Avid. now leadership I'll turn at
a the we provide for we this for time business. ideal with and and the will the our has the report. Accordingly, Board with Avid the quarter, and an new future that vision Avid expansion is update for positioned we'll find as candidate company's As strategy to growth, reported well CEO. permanent initiated last it and imperative is entrust there process take to news search is
in that first campaign our included commercial our In facility achievements recorded initiated improvements at that process the expectations closing, number during met an additional our and manufacturing backlog, for future period a strengthened during XXXX. we for Avid. anticipates completion operational the customer of the of validation Important a significantly of quarter conducting revenue period, the
customer process, agreements of service world's manufacturing are two pharmaceutical one The These list. leading company first to companies contract both are entered also quarter, into the in currently Avid's adding the well. onboarding the proceeding new projects which during
We new customers. to with new advance with pursue continue expansion discussions existing and and opportunities customers project potential
for As customer create this we've reason, quality and best the and the existing experience opportunities providing previously, seen growth, to has highest new remain each producing potential multiple for customer we to products. committed the possible
growth were and growth XXXX expansion will this significant We the are contribute these contracts, and the future process of believe The backlog to on we that significantly each quarter and highlights first another customer to new momentum. successful of the for business, of accomplishments eager build validation.
can now call my open concludes remarks Operator? This We up the for today. questions. prepared for
