earnings
confidence high
sentiment negative
materiality 0.70
Cibus Q2 net loss $22.1M, cash $20.4M, EU gene-editing rule favorable, Interoc expands to 5 Rice traits
Cibus, Inc.
- Net loss $22.1M vs $26.6M YoY; EPS -$0.29 vs -$0.61.
- Cash $20.4M; expects to fund into early Q1 2027; quarterly net cash usage down 19% QoQ, 31% YoY.
- EU approved gene-edited crops as conventional (June 2026); supports Rice and other programs.
- Interoc amended LOI to expand from 2 to 5 Rice traits; potential 2028 launch.
- Craig Wichner appointed CEO effective June 8, 2026; Peter Beetham remains President/COO.