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eXoZymes (EXOZ) investor relations material
eXoZymes Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary13 Nov, 2025
Executive summary
Marked the one-year anniversary of IPO, transitioning from scientific breakthrough to a technology platform targeting high-value biomanufacturing markets and scalable, sustainable chemical production for pharmaceuticals, fuels, materials, and food additives.
Focused on three core product opportunities: NCT (metabolic health), non-intoxicating cannabinoids, and Sandeline (from sandalwood oil), each with dual nutraceutical and pharmaceutical potential.
Operates as a single reportable segment, with all business activities managed on a consolidated basis.
Emphasized a capital-light, value-driven business model, leveraging partnerships and non-dilutive funding.
Hosted a Q3 2025 update to review recent developments, ongoing initiatives, and anticipated milestones.
Financial highlights
Cash and cash equivalents at end of September 2025 were $5.1 million, sufficient to fund operations into Q2 2026.
Net loss for nine months ended September 30, 2025 was $6.5 million, up 61.6% year-over-year; Q3 net loss was $2.29 million.
Operating expenses increased by $0.9 million year-over-year in Q3, mainly due to expanded R&D and leadership hires.
Working capital at quarter-end was $4.4 million, down from $9.5 million at December 31, 2024.
No revenue recognized; company remains pre-commercial.
Outlook and guidance
Plans to scale up NCT production and commercialize through spinout NCTX, targeting both direct-to-consumer and retail channels.
Management believes current working capital is sufficient for near-term operations but expresses substantial doubt about long-term ability to continue as a going concern without additional funding.
Exploring additional capital raising but committed to maintaining a capital-light approach and minimizing shareholder dilution.
Management expects further development, validation, and regulatory processes before commercialization.
Plans to seek further grants, equity, or debt financing to support ongoing R&D and commercialization efforts.
What drives NCT partnership delay strategy
How does new cannabinoid law impact market entry
What is the primary market focus for Sandeline
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