earnings
confidence high
sentiment negative
materiality 0.80
Ginkgo Q3 rev down 14% to $66M; raises FY22 revenue guidance to $460-480M
Ginkgo Bioworks Holdings, Inc.
2022-Q3 EPS reported
-$1.19
revenue$379,421,000
- Total revenue $66M (down 14% YoY); Foundry $25M (down 29%), Biosecurity $42M (down 3%).
- Operating loss $(653)M includes $563M stock-based comp; Adj EBITDA $(70)M vs $(18)M prior year.
- Added 15 new Cell Programs (50% growth); cash & equivalents over $1.3B.
- Completed Zymergen, Bayer West Sac, Altar, and Circularis acquisitions in October.
- FY22 guidance raised: total rev $460-480M (from $425-440M), Biosecurity at least $310M.