Ginkgo Bioworks (DNA)
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Ginkgo Bioworks Reports First Quarter 2025 Financial Results
Prnewswire· 2025-05-06 21:00
Core Insights - Ginkgo Bioworks has made significant progress in its restructuring efforts, targeting $250 million in cost savings by Q3 2025 [1][3][7] - The company reported a total revenue of $48 million for Q1 2025, a 27% increase from $38 million in the same period last year, primarily due to a $7 million non-cash revenue release [6][22] - Ginkgo's Solutions business is becoming a trusted R&D service provider for the US Government and biopharma industry, while its Tools business is gaining traction in AI-related opportunities [3][7] Financial Performance - Q1 2025 total revenue was $48 million, with $31 million from Cell Engineering (up 10% year-over-year) and $10 million from Biosecurity (flat year-over-year) [6][22] - The company reported a GAAP net loss of $91 million for Q1 2025, an improvement from a net loss of $166 million in the prior year [6][22] - Adjusted EBITDA for Q1 2025 was $(47) million, an improvement from $(117) million in the prior year, driven by increased revenue and reduced operating expenses [6][22] Strategic Positioning - Ginkgo is well-positioned in the biotechnology sector, with 28 US Government projects and a contracted backlog of approximately $180 million [7] - The company is focusing on biosecurity and R&D services, which are deemed critical by national policy reports [7] - Ginkgo's Datapoints and Automation offerings are generating new deals, including a recent agreement with Aura Genetics [7] Guidance and Outlook - Ginkgo has updated its 2025 guidance to reflect total revenue expectations of $160-$180 million, with Cell Engineering revenue projected at $110-$130 million and Biosecurity revenue at least $50 million [5][13] - The company aims to achieve Adjusted EBITDA breakeven by the end of 2026 [7]
Phytolon and Ginkgo Bioworks Boost Natural Food Colors by Hitting Full-Project Milestone, Nearly Tripling the Manufacturing Efficiency of Phytolon's Innovative Colors
Prnewswire· 2025-04-30 13:00
Core Insights - Phytolon and Ginkgo Bioworks have successfully completed the second development milestone in their collaboration to produce natural food colors, leading to an equity milestone distribution to Ginkgo [1][6] - The collaboration aims to develop yeast strains for vibrant, functional replacements to synthetic dyes, responding to regulatory pressures and consumer demand for natural alternatives [2][9] Industry Context - There is increasing regulatory pressure in the U.S. to eliminate artificial food dyes due to health concerns, with initiatives from the FDA and state-level bans on synthetic dyes [3] - The shift towards natural color alternatives is being accelerated by consumer demand and government actions, creating a significant market opportunity for companies like Phytolon and Ginkgo [3][9] Company Developments - Ginkgo Bioworks utilized its AI modeling and high-throughput screening to enhance production efficiency by nearly three times, allowing Phytolon to meet coloring standards across various food categories [4] - Phytolon's fermentation-based process is more energy-efficient and cost-effective compared to traditional farming methods for natural colors, reducing production costs and carbon footprint [5] Future Prospects - The achievement of the second milestone positions Ginkgo to gain additional equity in Phytolon, paving the way for further collaborations in the natural food color sector [6][9] - Phytolon is set to introduce "Beetroot Red" and "Prickly Pear Yellow" in U.S. markets pending FDA approval, expanding its product offerings in the food and beverage market [5][11]
Ginkgo Bioworks Announces Date of First Quarter 2025 Results Presentation
Prnewswire· 2025-04-29 20:00
Core Insights - Ginkgo Bioworks Holdings, Inc. plans to host a presentation and Q&A session to review its business performance for Q1 2025 on May 6, 2025, at 5:30 p.m. ET [1] - The presentation details and a replay will be available on Ginkgo's investor relations website [2] - Ginkgo Bioworks is recognized as a leading platform for cell programming, offering services across various markets including food, agriculture, pharmaceuticals, and chemicals [3] Company Overview - Ginkgo Bioworks provides flexible, end-to-end services to address challenges in diverse sectors [3] - The company is also focused on biosecurity, developing infrastructure and technologies to manage biological threats [3] - For further information, Ginkgo maintains an active presence on social media and its websites [3]
Ginkgo Bioworks Holdings, Inc. (DNA) Rises Yet Lags Behind Market: Some Facts Worth Knowing
ZACKS· 2025-04-23 23:21
Company Performance - Ginkgo Bioworks Holdings, Inc. closed at $7.60, reflecting a +0.8% change from the previous day, underperforming the S&P 500 which gained 1.67% [1] - Over the past month, the company's shares increased by 5.9%, while the Medical sector and S&P 500 saw declines of 9.34% and 6.57% respectively [1] Upcoming Earnings - The upcoming earnings release is expected to show an EPS of -$1.23, a 61.56% increase compared to the same quarter last year [2] - Revenue is anticipated to be $41.26 million, indicating an 8.74% increase from the same quarter last year [2] Fiscal Year Projections - For the entire fiscal year, earnings are projected at -$3.72 per share, representing a +64.09% change from the prior year, while revenue is expected to be $171.48 million, reflecting a -24.47% change [3] Analyst Estimates - Recent changes to analyst estimates indicate confidence in the company's business performance and profit potential [4] - The Zacks Rank system, which assesses estimate changes, currently ranks Ginkgo Bioworks Holdings, Inc. at 2 (Buy) [6] Industry Context - The Medical - Biomedical and Genetics industry, part of the Medical sector, holds a Zacks Industry Rank of 77, placing it in the top 32% of over 250 industries [7] - Research indicates that top-rated industries outperform lower-rated ones by a factor of 2 to 1 [7]
Ginko Automation Partners with Aura Genetics to Accelerate Direct-to-Consumer Testing and Innovation
Prnewswire· 2025-04-22 13:00
Core Viewpoint - Ginkgo Bioworks emphasizes its potential for success through partnerships and its cell programming platform, while acknowledging various risks and uncertainties that could impact future performance [1]. Group 1: Company Capabilities - Ginkgo Bioworks is focused on leveraging its cell programming platform to enhance its offerings and drive future growth [1]. - The company aims to realize cost savings through site consolidation plans, which include terminating leases and finding sub-lease tenants for unused facilities [1]. Group 2: Market and Industry Risks - The company faces volatility in its securities price due to competitive and regulatory changes in the synthetic biology industry [1]. - There is uncertainty regarding the demand for products utilizing synthetic biology and biosecurity services, which could affect Ginkgo's market position [1]. - The biosecurity industry is evolving, influenced by technological advancements and emerging competition, which may impact Ginkgo's business strategies [1]. Group 3: Operational Challenges - Ginkgo Bioworks must successfully implement its business plans and identify additional opportunities to maintain growth [1]. - The company is exposed to risks related to the development and manufacturing success of its customers, which could affect its overall performance [1]. - Legal proceedings and restructuring efforts present additional uncertainties that could hinder the company's anticipated savings and operational efficiency [1].
23andMe probe launched to prevent customer DNA data from being sold to China or other bad actors
Fox Business· 2025-04-09 14:16
Exclusive: As genetic testing company 23andMe seeks to sell the consumer data of millions of Americans as part of its bankruptcy proceedings, Senate HELP Committee Chairman Bill Cassidy is opening up a probe into the company to ensure that users' medical data and DNA do not fall into the wrong hands. In a pair of letters obtained by FOX Business, Cassidy, R-La., raised concerns with Treasury Secretary Scott Bessent and 23andMe executives over the risk that Chinese companies or other foreign adversaries may ...
Here's Why Ginkgo Bioworks (DNA) is Poised for a Turnaround After Losing -28.84% in 4 Weeks
ZACKS· 2025-04-01 14:35
Group 1 - Ginkgo Bioworks Holdings, Inc. (DNA) has experienced a significant decline of 28.8% over the past four weeks, but it is now in oversold territory, indicating a potential trend reversal [1] - The Relative Strength Index (RSI) for DNA is currently at 20.73, suggesting that the heavy selling pressure may be exhausting itself, which could lead to a reversal towards the previous equilibrium of supply and demand [5] - There is strong consensus among Wall Street analysts that DNA will report better earnings than previously predicted, with the consensus EPS estimate increasing by 37.9% over the last 30 days [7] Group 2 - DNA holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, indicating a strong potential for a turnaround [8]
23andMe bankruptcy: With America's DNA put on sale, market panic gets a new form of testing
CNBC· 2025-03-30 13:54
According to data from online traffic analysis company Similarweb, on March 24, the day of the bankruptcy announcement, 23andMe received 1.5 million visits to its website, a 526% increase from one day prior. According to Similarweb, 376,000 visits were made to help pages specifically related to deleting data, and 30,000 were made to the customer care page for account closure. The next day, that figure rose to 1.7 million visits, and rraffic to the delete data help page about 480,000. Margaret Hu, professor ...
24/7 Market News- Kraig Labs Makes History: World Record DNA Insertion Unlocks Massive Potential
Newsfile· 2025-03-27 14:31
24/7 Market News- Kraig Labs Makes History: World Record DNA Insertion Unlocks Massive PotentialMarch 27, 2025 10:31 AM EDT | Source: 24/7 Market NewsDenver, Colorado--(Newsfile Corp. - March 27, 2025) - 247marketnews.com, a pioneer in digital media dedicated to the swift distribution of financial market news and corporate information, reports that Kraig Biocraft Laboratories' (OTCQB: KBLB) ("Kraig Labs") groundbreaking achievement-successfully inserting the largest functional DNA construct e ...
23andMe has filed for bankruptcy. What does this mean for your DNA data privacy?
TechXplore· 2025-03-26 09:30
Core Points - 23andMe has filed for Chapter 11 bankruptcy protection, leading to concerns about the future of customer genetic data [4][6] - The company's co-founder and CEO, Anne Wojcicki, has resigned and plans to bid on the company during the bankruptcy sale process [5] - Privacy experts are advising users to consider deleting their data due to potential risks from new ownership and hackers [3][7] Company Situation - The bankruptcy filing aims to facilitate the sale of substantially all assets and reduce operational costs by rejecting certain lease contracts [6] - 23andMe intends to continue operations during the bankruptcy process [6] - The company has faced previous data breaches, including a 2023 incident that exposed the genetic data of nearly 7 million customers [8] Data Privacy Concerns - Experts highlight the sensitivity and value of genetic data, emphasizing that it is unique to each individual [9][10] - 23andMe claims it does not share data with health insurance companies or employers without user consent, but there are concerns about how data can still be used for targeted advertising [10][11] - California Attorney General has issued alerts regarding users' rights to delete their data amid the company's financial distress [12] User Data Management - Users can delete their data by accessing account settings and following specific steps to confirm deletion [13] - Users can also request the destruction of their saliva samples and withdraw consent for third-party research [14]