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Stock impact report

Cibus Inc (CBUS) Q3 2024 Earnings Call Highlights: Navigating Challenges and Seizing ... [Yahoo! Finance]

Cibus, Inc. - Class A (CBUS) 
Company Research Source: Yahoo! Finance
SG&A Expense: $7.7 million for Q3 2024, down from $8.8 million in Q3 2023. Net Loss: $201.5 million for Q3 2024, compared to $34.5 million in Q3 2023. Net Loss Excluding Goodwill: $20 million for Q3 2024, compared to $34.5 million in Q3 2023. Cost Saving Initiatives: Expected to reduce monthly cash usage by approximately 20%. Warning! GuruFocus has detected 8 Warning Signs with CBUS. Release Date: November 07, 2024 For the complete transcript of the earnings call, please refer to the full earnings call transcript Cibus Inc ( NASDAQ:CBUS ) has successfully transitioned from an R&D-based business to the first commercial gene editing company in the industry. The company has developed a 'trait machine' process that significantly reduces the time required for trait development, achieving results in less than 12 months. Cibus Inc ( NASDAQ:CBUS ) has established collaborations with major seed companies, enhancing its commercial potential and validating its technology. Th Show less Read more
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