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Cibus (CBUS) investor relations material
Cibus Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Signed seven RISE/Rice customer agreements across the U.S. and Latin America, representing 5-7 million addressable acres and over $200 million in potential annual royalties, with initial LATAM Rice revenue targeted for 2027.
Commercialization and production activities focused on high-value, near-term revenue opportunities, especially in weed management traits and biofragrances, with expansion into India and Asia underway.
Streamlined business focus, including workforce reductions and facility consolidation, aims to reduce annual net cash usage to $30 million by 2026.
Board strengthened with new directors and leadership changes, including the appointment of an interim CEO and new Chairman.
Significant regulatory milestones achieved in the US, Ecuador, UK, and California, supporting commercialization of gene-edited traits.
Financial highlights
Cash and cash equivalents stood at $23.9 million as of September 30, 2025, expected to fund operations into early Q2 2026.
Q3 2025 revenue was $615,000, with nine-month revenue at $2.6 million, both down year-over-year due to timing of partner-funded activities.
R&D expense for Q3 was $10.8 million, down from $13 million year-over-year; SG&A expense was $5.2 million, down from $7.7 million.
Net loss for Q3 was $24.3 million, a significant improvement from $201.5 million in Q3 2024; net loss for the nine months ended September 30, 2025, was $100.3 million.
Goodwill impairment of $21.0 million recorded in 2025, compared to $181.4 million in 2024.
Outlook and guidance
Initial revenues from biofragrance products are expected in 2026, with commercial launches of RISE/Rice traits in Latin America in 2027, the U.S. in 2028, and Asia by 2030.
Annual net cash usage is targeted at approximately $30 million for 2026, with cost reduction actions supporting this goal.
Existing cash is projected to fund operations into early Q2 2026; additional capital will be required to continue as a going concern beyond that period.
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