Revenue was nominal in the fourth quarter of 2022 compared to $1.9M in the fourth quarter of 2021. The decrease in revenue was driven by the late 2021 completion of the wind-down of the company’s soybean product line. Revenue in the fourth quarter of 2022 was primarily associated with the company’s agreement with a food ingredient manufacturer to develop a palm oil alternative.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on CLXT:
- Calyxt Reports Fourth Quarter 2022 Financial Results and Provides Corporate Update
- Calyxt files Form S-4 in connection with merger with Cibus Global
- Calyxt, Inc. Announces its Filing of Registration Statement on Form S-4 in Connection with Merger with Cibus Global LLC
- Calyxt downgraded to Hold from Buy at Canaccord
- Calyxt More than Doubles on Cibus Deal