Financial PerformanceCibus reported a net loss of approximately $202 million, primarily due to a significant goodwill impairment charge during the quarter.
Operational GoalsCibus did not meet its stated goal of achieving an operational soybean platform at the cellular level by the end of 2024.
Risks And UncertaintyRisks include dilution risk, execution risk, regulatory risk, demand risk, technology risk, competition risk, and uncertainty related to macroeconomic conditions and geopolitical environment.