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Blackboxstocks Provides Stockholder Update on Acquisition of Rare Earth Company
Prism Media Wire· 2025-07-18 12:30
Blackboxstocks Provides Stockholder Update on Acquisition of Rare Earth Company Blackboxstocks, Inc. Stockholder UpdateDALLAS, July 18, 2025 – PRISM MediaWire – Blackboxstocks Inc. (NASDAQ: BLBX) (“Blackbox”), a financial technology and social media hybrid platform, today released a stockholder update from CEO Gust Kepler:As we kick off the first month of Q3 2025, I’m excited to update our stakeholders on our developments, especially with respect to our foray into the rare earth sector with our pending acq ...
How Nashville transformed from Music City into a booming business hub
CNBC· 2025-05-23 12:00
Nashville, Tennessee, has transformed from its reputation as "Music City" into a major U.S. metro thanks to rapid population growth, job opportunities in key industries like healthcare and tech and a good quality of life. It's now become one of the fastest-growing U.S. cities, boasting a diverse community and a competitive economy. "It's not just economics. It's our climate here," said John Eldridge, founder and CEO of development company E3 Construction Services. "It's our culture here. It's our location. ...
Ginkgo Bioworks (DNA) - 2025 Q1 - Earnings Call Presentation
2025-05-07 01:07
Financial Performance & Targets - Ginkgo achieved $205 million in annual run-rate cost savings from Q1 2024 to Q1 2025[13] - The company maintains a strong financial position with $517 million in cash, cash equivalents, and marketable securities[15] - Total Adjusted EBITDA improved from $(117) million in Q1 2024 to $(47) million in Q1 2025, a 59% increase[34] - Ginkgo is targeting Adjusted EBITDA breakeven by the end of 2026[11, 49] - The company aims for $250 million of annualized run-rate savings target by the end of Q3 2025[53] Revenue & Growth - Cell Engineering revenue increased by 37% year-over-year, reaching $38 million in Q1 2025[34] - This includes recognition of $75 million non-cash deferred revenue from BiomEdit[24] - Total revenue increased by 27% year-over-year, from $38 million to $48 million[34] - Biosecurity revenue remained stable at $10 million in Q1 2025 compared to Q1 2024[34] Biosecurity Expansion - Ginkgo's biosecurity segment has expanded its reach to 127 countries of origin of flights sampled, representing 65% of nations globally[33] - The biosecurity network includes 11 key international airports and 45 collection nodes cumulatively in 2025[33]
Ginkgo Bioworks (DNA) - 2025 Q1 - Earnings Call Transcript
2025-05-06 22:32
Ginkgo Bioworks (DNA) Q1 2025 Earnings Call May 06, 2025 05:30 PM ET Company Participants Daniel Marshall - Senior Manager, Communications & OwnershipJason Kelly - Co-Founder & CEOMark Dmytruk - CFOMichael Ryskin - Managing DirectorElizabeth Koslosky - Global Investment Research Associate Conference Call Participants Mark Massaro - Managing Director - Senior Equity Research AnalystTejas Savant - Executive Director & Senior Healthcare Equity AnalystNone - AnalystMatt Larew - Research Analyst - HealthcareBren ...
Ginkgo Bioworks (DNA) - 2025 Q1 - Earnings Call Transcript
2025-05-06 21:30
Financial Data and Key Metrics Changes - The company achieved a reduction in annual run rate costs of $205 million between Q1 2024 and Q1 2025, surpassing the initial target of $200 million [7] - Cash and cash equivalents on the balance sheet stand at $517 million with no bank debt, positioning the company strongly among peers in the biotechnology sector [8][26] - Total company adjusted EBITDA improved to negative $47 million in Q1 2025 from negative $117 million in Q1 2024, indicating significant progress in profitability [17] - Cash burn decreased to $58 million in Q1 2025 from $104 million in Q1 2024, reflecting the impact of restructuring efforts [18] Business Line Data and Key Metrics Changes - Cell engineering revenue reached $38 million in Q1 2025, a 37% increase year-over-year, with a 10% increase to $31 million when excluding noncash revenue [11] - The biosecurity business generated $10 million in revenue in Q1 2025, with a segment gross margin of 28% [13] - The number of revenue-generating programs in cell engineering increased by 32% year-over-year, totaling 123 programs [12] Market Data and Key Metrics Changes - The company has 28 government projects across cell engineering and biosecurity, with a contracted backlog exceeding $180 million [32] - The company is positioned to benefit from increased government investment in biotechnology, as highlighted by recent speeches from government officials [28][32] Company Strategy and Development Direction - The company aims to reach adjusted EBITDA breakeven by the end of 2026 while maintaining a cash margin of safety [4] - The strategic focus includes expanding the tools business and enhancing the way the platform is sold, moving beyond traditional R&D solutions [6][21] - The company is actively pursuing opportunities in the automation and data points sectors, leveraging its expertise in high-throughput screening and AI [46][84] Management's Comments on Operating Environment and Future Outlook - The management expressed optimism about the biotechnology sector's resilience despite current market challenges, emphasizing that companies that navigate this period successfully will be in a strong position [9][26] - The management highlighted the importance of government funding for biotechnology and expressed confidence in the continuation of such funding [32][96] Other Important Information - The company has made significant strides in cost reduction while continuing to serve existing customers effectively [7][20] - The introduction of new metrics for revenue-generating programs aims to provide more useful data for analysts and investors [12] Q&A Session Summary Question: Is there an opportunity for data points to evolve into a SaaS cloud computing product? - The management acknowledged the potential for Ginkgo to assist large pharma companies with data architecture and automation technology, but clarified that the approach to market is still being evaluated [87][89] Question: Can you provide more details on the ARPA H contract and its revenue recognition? - The ARPA H contract is valued at $29 million over two years, with revenue expected to be recognized accordingly, which significantly derisks the revenue guidance for the year [94][95] - The management remains hopeful about the continuation of funding for biotechnology projects despite potential cuts in government spending [96]
握手成约、互惠共赢,全球服务中心架起中泰“合作金桥”
Nan Fang Du Shi Bao· 2025-04-27 07:45
日前,泰国经贸团组赴深圳湾科技生态园考察。深圳南山区浓厚的科创氛围和优良的营商环境成为经贸 团组关注的重点。同期,以中国贸促会组织的外资企业"广东行"活动走进深圳为契机,中国泰国商会与 全球服务中心Go Global团队座谈。 密集行程背后,既是泰国企业对南山创新生态的深度认可,也传递着合作共赢的信心。"我们将与全球 服务中心Go Global开展密切合作,实现中泰两国长期互惠共赢。"中国泰国商会副会长兼秘书长庄派吉 向所有外国企业发出邀请,"我们诚挚地期待你们来到全球服务中心Go Global!" 科技园里看未来,泰国经贸团组迎来"灵感风暴" 据了解,深圳南山区全球服务中心Go Global本月底即将正式启用,服务团队已提前投入运营,正为多 家出海企业提供专业服务,实现"边建设边服务"。 该中心聚焦企业出海、外企来华、外资服务三大功能定位,打造"全国企业出海口""外企来华第一站", 整合超80家优质服务商,搭建起功能完备的资源对接库,持续为全国企业出海和外企来华提供全方位的 服务与支持。 从科技生态园的"未来之旅"到全球服务中心Go Global的"握手成约",中泰合作正在书写新篇章。未来, 深圳南山区将继 ...