Cibus Reports Second Quarter Financial Results and Provides Business Update
Cibus reported Q2 revenue of $994,000, up from $933,000 a year ago, while narrowing its net loss to $22.1 million, or $0.29 per share, compared to a loss of $26.6 million in the prior year quarter. The company significantly improved its cash efficiency, with quarterly net cash usage declining 19% sequentially and 31% year-over-year, though it projects current cash reserves will only sustain operations into early Q1 2027.
Key figures
- Revenue
- 994000
- Net loss
- 22100000
- Cash position
- 20400000
- Cash usage decline qoq
- 19%
- Cash usage decline yoy
- 31%
- Net cash used operating activities 6m
- 20900000
- Annual net cash usage run rate exit 2026
- 35000000
AI analysis
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