---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-029198"
form_type: "8-K"
ticker: "ABSI"
cik: "0001672688"
company_name: "Absci Corp"
filed_at: "2023-08-14T23:59:59+00:00"
generated_at: "2026-06-11T11:33:19.689534+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Absci appoints new CFO; Q2 revenue up but net loss widens on $21.3M goodwill impairment

## Summary
- Zach Jonasson, Ph.D. named CFO and CBO effective Aug 31, 2023, replacing retiring CFO Greg Schiffman.
- Q2 revenue $3.4M vs $1.0M YoY; net loss $41.7M (incl. $21.3M goodwill impairment) vs $28.7M.
- Cash and equivalents $124.6M; expects cash runway into late 2025.
- Entered partnership with a Google Ventures-backed biotech; HIV vaccine collab with Caltech and Gates Foundation; completed Merck enzyme programs.
- Expects at least 10 new Active Programs in 2023; gross cash use projected ~$90M.

## SEC filing metadata
- accession: 0001628280-23-029198
- form_type: 8-K
- ticker: ABSI
- cik: 0001672688
- company_name: Absci Corp
- filed_at: 2023-08-14T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1672688/000162828023029198/0001628280-23-029198-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1672688/000162828023029198/absc-20230811.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-029198
- JSON: https://secwatch.observer/filing/0001628280-23-029198.json
- Plain text: https://secwatch.observer/filing/0001628280-23-029198.txt

## Key facts
- Earnings Releases
  Absci Corp reported second quarter ended June 30, 2023 results: revenue $3.4 million, net income Net loss was $41.7 million. Guidance reaffirmed.
  - Period: second quarter ended June 30, 2023
  - Revenue: $3.4 million
  - Net income: Net loss was $41.7 million
  - Guidance: reaffirmed
  - Result: reported results
  source text: Revenue was $3.4 million for the three months ended June 30, 2023 compared to $1.0 million for the three months ended June 30, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1672688/000162828023029198/0001628280-23-029198-index.htm
- Executive change
  Gregory Schiffman retired as Chief Financial Officer at Absci Corp.
  - Action: retired
  - Role: Chief Financial Officer
  source text: On August 11, 2023, Gregory Schiffman, the Company’s Chief Financial Officer, notified the Company of his decision to retire.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1672688/000162828023029198/0001628280-23-029198-index.htm
- Executive change
  Zachariah Jonasson was appointed as Chief Financial Officer and Chief Business Officer at Absci Corp.
  - Action: appointed
  - Role: Chief Financial Officer and Chief Business Officer
  source text: On August 11, 2023, the Company’s Board of Directors appointed Zachariah Jonasson, Ph.D. as the Company’s Chief Financial Officer, Chief Business Officer and Treasurer, effective as of August 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1672688/000162828023029198/0001628280-23-029198-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.