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Ginkgo Bioworks Holdings, Inc. (NYSE: DNA) is pioneering the field of synthetic biology by providing an innovative horizontal platform for cell programming. Specializing in flexible, end-to-end services, the company addresses diverse challenges across multiple sectors including food, agriculture, pharmaceuticals, industrial chemicals, and specialty chemicals. Ginkgo Bioworks is organized into two primary segments: Cell Engineering and Biosecurity, with the latter contributing the majority of the company's revenue through data analytics and related services.
One of Ginkgo Bioworks' recent highlights includes the acquisition of AgBiome's platform assets, significantly enhancing its R&D capabilities in agricultural biotechnology. This move has expanded Ginkgo's proprietary metagenomics database, creating a rich resource for AI model development. Furthermore, the company is actively engaged in partnerships to amplify its technological reach, such as its collaboration with Il Granaio delle Idee to enhance sourdough bakery strains and with GreenLab to produce brazzein, a high-intensity sweetener, on a commercial scale.
Ginkgo Bioworks is also a key player in biosecurity, developing advanced infrastructure and technologies to predict, detect, and respond to biological threats. The company's upcoming Biofab1, a fully integrated lab data center expected to open in mid-2025, is part of its strategic plan to streamline operations and achieve adjusted EBITDA breakeven by the end of 2026.
Additionally, Ginkgo's platform is making significant strides in the AI and data generation space, offering services that help clients leverage high-quality data for more effective R&D. Notably, the company recently hosted its 5th annual Ferment conference, where it showcased new products and technological advancements to a global audience.
Despite facing some financial challenges, including a need to regain compliance with NYSE listing standards due to stock price fluctuations, Ginkgo remains committed to its mission. The company continues to innovate and form strategic partnerships, such as its recent agreement with Sojitz Corporation to penetrate the Japanese market, enhancing its role in the global bioeconomy.
For more information, visit ginkgobioworks.com or follow them on social media platforms like X (@Ginkgo and @Ginkgo_Biosec), Instagram (@GinkgoBioworks), Threads (@GinkgoBioworks), and LinkedIn.
Ginkgo Bioworks (NYSE: DNA) announced the granting of 18,173,253 restricted stock units as part of its recent employee compensation strategy related to the acquisitions of Bayer CropScience LP and Zymergen Inc. Specifically, 9,868,143 units were awarded to former Bayer employees, and 8,305,110 units to former Zymergen employees. These grants were issued without stockholder approval as inducements to new hires. Vesting schedules vary by employee type, with some units vesting fully upon termination without cause. This move aims to bolster employee retention and align interests.
Ginkgo Bioworks (NYSE: DNA) announced a public offering of its Class A common stock, expecting to raise approximately $100 million with BTIG, LLC as the underwriter. The last sale price was $2.67 per share on November 15, 2022. The offering includes a 30-day option for BTIG to purchase an additional $15 million worth of shares. Proceeds will be used to offset costs associated with acquiring assets from Bayer CropScience LP and for general corporate purposes. The offering is expected to close around November 18, 2022.
On November 15, 2022, Ginkgo Bioworks (NYSE: DNA) announced a proposed underwritten public offering of $100 million of its Class A common stock. The company is also granting underwriters a 30-day option to purchase an additional $15 million. Ginkgo plans to use the net proceeds to offset costs related to the acquisition of Bayer CropScience LP's assets and for general corporate purposes. The offering will occur under an effective shelf registration statement previously filed with the SEC.
Ginkgo Bioworks reported Q3 2022 total revenue of $66 million, a 14% decrease year-over-year. The Foundry revenue fell 29% to $25 million, while Biosecurity revenue decreased 3% to $42 million. Ginkgo closed several acquisitions, including Zymergen and Bayer's capabilities, enhancing strategic growth. A significant cash balance of over $1.3 billion offers financial flexibility. The company revised 2022 revenue guidance upwards to $460-$480 million and anticipates adding 55-60 new Cell Programs.
On November 11, 2022, Lygos and Ginkgo Bioworks announced a partnership aimed at optimizing production of sustainable specialty ingredients. The collaboration spans two years and focuses on replacing toxic petrochemical processes with sustainable biomanufacturing. Ginkgo will utilize its strain development expertise to convert low-cost sugars into environmentally friendly products. Both companies aim to improve product commercialization, support domestic manufacturing, and advance climate sustainability initiatives in the specialty chemicals market.
Ginkgo Bioworks (NYSE: DNA) announced a poster presentation at the Society for Immunotherapy of Cancer (SITC) on November 11, showcasing their innovative methods for discovering novel Chimeric Antigen Receptor (CAR) designs with improved persistence. The presentation highlights high throughput screening of CAR domains in human T cells, aiming to create effective CAR-T therapies for solid tumors, which make up 90% of adult cancers. The findings suggest that Ginkgo's platform can enable broader exploration and development of CAR-T therapies, addressing challenges like T cell exhaustion.
Ginkgo Bioworks (NYSE: DNA) will host a presentation and Q&A session to discuss its third-quarter results for 2022 on November 14, 2022, at 4:30 p.m. ET. The session will review the company's business performance for the quarter ending September 30, 2022. Investors can access details and a replay on Ginkgo's investor relations website. The company focuses on biotechnology applications across various markets, including agriculture and pharmaceuticals while contributing to COVID-19 response efforts.
Ginkgo Bioworks (NYSE: DNA) and Saudi Arabia's Ministry of Investment (MISA) have signed a non-binding Memorandum of Understanding to enhance biotechnology and biosecurity capabilities in Saudi Arabia. The collaboration aims to improve public health initiatives through pathogen monitoring and sequencing, leveraging technologies like laboratory automation and bioinformatics. The partnership strives to build a sustainable global biosecurity infrastructure, addressing both domestic and international biological threats as part of broader bioeconomic development.
Bolt Threads has announced a collaboration with Ginkgo Bioworks (NYSE: DNA) to enhance the production efficiency of its Mylo™ material, a sustainable leather alternative made from mycelium. The partnership aims to lower production costs and improve accessibility to Mylo, which is already utilized by brands such as adidas and lululemon. Through this initiative, Ginkgo will leverage its biotechnology platform to increase the growth rate of mycelium. This partnership builds on their previous work with Bolt's b-silk™ protein.
Ginkgo Bioworks has completed its acquisition of Zymergen, enhancing its cell programming platform with Zymergen's automation and software capabilities. This acquisition, finalized on October 19, 2022, was based on a merger agreement that provided Zymergen shareholders with 0.9179 shares of Ginkgo Class A common stock for each share they held. Ginkgo's CEO expressed optimism about integrating Zymergen's expertise and exploring new partnerships. Zymergen's shares will no longer be traded on Nasdaq, while Ginkgo continues under the ticker DNA.
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