Ginkgo Bioworks posts fall in Q4 revenue; co to divest biosecurity business

Reuters02-27
<a href="https://laohu8.com/S/DNA">Ginkgo Bioworks</a> posts fall in Q4 revenue; co to divest biosecurity business

Overview

  • Biotech toolmaker's Q4 revenue fell 24% yr/yr, with adjusted EBITDA improving

  • Company to divest biosecurity business, focusing on autonomous labs

  • Company plans to invest in autonomous labs, expanding Boston facility

Outlook

  • Ginkgo expects total cash burn of $(150)-$(125) million in 2026

  • Company focuses on autonomous labs as core platform for biotechnology research

  • Ginkgo plans to complete biosecurity business divestiture in first half of 2026

Result Drivers

  • CELL ENGINEERING DECLINE - Q4 Cell Engineering revenue decreased 26% due to ongoing program rationalization as part of restructuring activities

Company press release: ID:nPn4RtdMka

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q4 Net Income

-$81 mln

Analyst Coverage

  • The current average analyst rating on the shares is "sell" and the breakdown of recommendations is 1 "strong buy" or "buy", no "hold" and 3 "sell" or "strong sell"

  • The average consensus recommendation for the biotechnology & medical research peer group is "buy."

  • Wall Street's median 12-month price target for Ginkgo Bioworks Holdings Inc is $9.00, about 4.1% below its February 25 closing price of $9.38

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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