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Ginkgo Bioworks Holdings Inc (DNA) Q3 2024 Earnings Call Highlights: Strategic Restructuring ... [Yahoo! Finance]

Ginkgo Bioworks Holdings, Inc. (DNA) 
Company Research Source: Yahoo! Finance
R&D Expense: Decreased from $108 million in Q3 2023 to $74 million in Q3 2024. G&A Expense: Decreased from $49 million in Q3 2023 to $42 million in Q3 2024. Adjusted EBITDA: Negative $20 million in Q3 2024, improved from negative $84 million in Q3 2023. Cash Burn: Impacted by $23 million due to nonrecurring items in Q3 2024. Revenue Guidance: Updated to $215 million to $235 million for the full year 2024. Cell Engineering Services Revenue Guidance: $165 million to $185 million for the full year 2024. Biosecurity Revenue Guidance: At least $50 million for the full year 2024. Warning! GuruFocus has detected 5 Warning Signs with DNA. Release Date: November 12, 2024 For the complete transcript of the earnings call, please refer to the full earnings call transcript Ginkgo Bioworks Holdings Inc ( NYSE:DNA ) reported a 17% increase in active programs year over year, indicating growth in their cell engineering platform. The company successfully reduced R&D and G&A expen Show less Read more
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