Name | Value |
---|---|
Revenues | 0.5M |
Cost of Revenue | 1.7M |
Gross Profit | -1.2M |
Operating Expense | 26.3M |
Operating I/L | -25.8M |
Other Income/Expense | -8.7M |
Interest Income | 0.3M |
Pretax | -34.5M |
Income Tax Expense | 7.3M |
Net Income/Loss | -34.5M |
Cibus, Inc. is an agricultural technology company that develops and licenses plant traits to seed companies for royalties. The company focuses on trait productivity in two areas: productivity traits that enable farmers to achieve higher yields and reduce the use of crop protection chemicals and fertilizers, and sustainable ingredients that allow corporations to replace fossil fuel-based ingredients or those resulting in increased greenhouse gases. By providing these traits, Cibus generates revenue through licensing agreements with seed companies, allowing them to benefit from improved crop productivity and sustainability.