NASDAQ$CBUS

Cibus Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Calyxt announced financial results for the third quarter ended September 30, 2021.

Calyxt reported a revenue of $7.8 million, a gross profit of negative $0.5 million, and a net loss of $7.3 million for Q3 2021. The company also launched a new strategic direction focusing on plant-based synthetic biology solutions and commissioned its first pilot BioFactory.

  • Launched a new strategic initiative focusing on engineering synthetic biology solutions for a diversified customer base.
  • Commissioned the first pilot BioFactory, expected to be online by the end of 2021.
  • Appointed IBM’s Global Chief Artificial Intelligence Officer, Dr. Seth Dobrin, to Calyxt’s Scientific Advisory Board.
  • Launched a $50.0 million at-the-market (ATM) share issuance program, raising $3.7 million in proceeds as of the report date.

Headline financials

Total Revenue

$7.76M

Previous: $5.24M+48.1%
EPS (adj)

-$1.00

Previous: -$14.27+93.0%
Capital Expenditures

-$376K

Previous: -$1.15M+67.2%
Free Cash Flow

-$7.68M

Previous: -$10.6M+27.7%
Net Income

-$7.31M

Previous: -$9.48M+22.9%
Operating Income

-$6.96M

Previous: -$9.15M+24.0%
Gross Profit

-$519K

Previous: -$1.82M+71.5%
Cash & Equivalents

$13.9M

Previous: $7.17M+94.2%
Total Assets

$39.5M

Previous: $62.5M-36.7%
Stock-Based Comp

$1.24M

No prior period

Revenue & EPS history

Cibus · Revenue · Quarterly

$7.76M

Q3 2021+48.1%vs Q3 2020
Beat estimate in 0 of 1 quarters(0%)
ActualEstimate

Forward guidance

No specific forward guidance was provided in the report. The company is focusing on its new strategic direction and the development of its PlantSpring technology platform and BioFactory production system.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q3 2021

Historical avgQ3 2021

-1.1%

Avg return

Earnings day

-2.2%

Avg return

5 days after

-12.4%

Avg return

30 days after

37%

13 / 35 earnings

Positive

+23.6%

Q4 2019

Best reaction

-25.1%

Q4 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.8%-10.3%
Q4 2025-16.7%-24.7%-56.8%
Q3 2025-0.8%+1.6%+28.8%
Q2 2025-3.5%-11.6%-7.5%
Q1 2025-7.8%-8.1%-29.4%
Q4 2024-6.4%-9.6%-23.7%
Q3 2024+14.5%+15.2%-8.9%
Q2 2024-9.2%+2.7%-42.4%
Q1 2024+2.2%+9.5%-37.5%
Q4 2023-0.7%+2.2%+7.4%
Q3 2023+17.0%+5.0%-8.8%
Q2 2023-9.7%-13.8%-19.8%
Q1 2023-3.6%-8.3%-15.8%
Q4 2022+1.6%-0.7%-21.5%
Q3 2022-1.4%-7.7%+22.5%
Q2 2022+12.4%+4.3%-11.6%
Q1 2022-17.3%-27.4%-60.0%
Q4 2021-2.8%-21.3%-20.6%
Q3 2021-7.4%-9.0%-41.9%
Q2 2021+12.0%+15.1%+19.9%
Q1 2021+4.6%+3.3%-17.4%
Q4 2020-25.1%-24.7%-35.6%
Q3 2020-1.4%-4.0%-44.3%
Q2 2020-6.6%+0.2%-8.3%
Q1 2020-15.0%-9.4%+27.9%
Q4 2019+23.6%+22.7%-10.1%
Q3 2019-9.7%-10.2%-16.3%
Q2 2019+2.7%-13.1%-23.9%
Q1 2019-3.5%-6.7%-9.3%
Q4 2018+8.3%+20.0%+34.0%
Q3 2018-2.9%-4.9%-22.1%
Q2 2018-0.7%-3.1%-10.8%
Q1 2018+1.9%+22.1%+28.1%
Q4 2017+6.4%+18.8%+16.9%
Q3 2017+7.8%+8.2%-2.2%
Q2 2017
Q1 2017
Q4 2016
Q3 2016
Q2 2016
Q1 2016

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