warrants. starting the in in ended million $X X, to third XXXX we July, of $X few call everyone, balance today. cash. and Lynne, a sheet. quarter We an common joining million turn with for In highlights cover let's hello, our stock of proceeds and Thanks, financial and with offering net Slide and thanks raised Please
for of XXXX of to first our the year together government was for cash XXXX. $X.X will with XXXX million. hand, support expected into $X.X under usage nine will approximately restructuring cash million months the usage expect anticipated operations costs for Net year. grants, We quarter be net first including payments current We million, operating the in full cash due revenue this estimate $X
We of well sheet. ways through through SX, an our generate of a advance manager XXXX, grants to yield In to will our development our is to traits results identify financial to crops filed continue financial we accessible expenses. intent to markets, P&L, through editing. trait genome capital the result R&D in was as and continue reflects collaborations science-related operations $X our XXXX. November to additional reverse the portfolio required novel access our We raise CXXXX in as and review and for split in as that $X.X million support valuable feed balance business. X, in as plan revenue reported This net share infrastructure million, crop We The our per $XXX,XXX in expenses activities YieldXX $X.XX May. continuing captures quarter G&A for from the the in and reported continuing quarter. the of share, grant that million third or of a reported revenue, expenses are effective per operations. strengthen capital crop the On and signaling third $X.X X-for-XX administrative let's On loss stock
May include results paid be through costs operations certain XXXX. Our which continuing will restructuring
refer on please more financial our earnings results, to For release. details the
Camelina. the oilseed named industry is third X-year is million to State Slide made on for the YieldXX let's yield Michigan DOE the grant, strategies YieldXX identify new University for progress $XX a Now sub-awardee solid was We leading grant quarter. accomplishments. turn partner. research recent boosting X, in in and to
associated the research to improve research period to integrating combinations new million expect program $X gene focus our and support two yield will funding over Camelina. identify platforms the activities. discovery genes receive the to The to in in We of on grant
expect opportunities funding to available We application fund this we activities and pursue to to have non-diluted when with research to our us. to crops, will continue other important
announced We confirmed status USDA-APHIS We CXXXXa with significant this line. our opportunities nonregulated genome-edited editing from a submission crops. our our Camelina first capability genome represented that area. have trait, now also nonregulated for are validated there believe for in-house and response in received the for in we This USDA-APHIS,
based a traits upcoming on an b line submission. CXXXXa, We CXXXX gene-edited multi are as and on currently working oilseed
we and but are develops, good is ag increasing Institute genome as in the to CXXXX of YieldXX. added of field of addition, – the – a oilseed canola, at interest are additional in also the total We'll to like to in innovators joining for technology, ag to Broad crops. space, content announce year DuPont Pioneer Camelina licenses and view see the CXXXX our to results an patent X, the later have are studies to In may in application indicating center targeted CXXXX filed foundational fourth sign announcement our and The through completing this high how We it quarter. we and available this in oil tests targeting editing, made expect CRISPR tool bringing genome accessible sector. CRISPR/CasX and ago, be they and editing IP widely the a forces their make an weeks nonexclusive few and
Let's now turn to Slide X.
will and foods modeling opportunity like developing are is and new food and lower as compelling there interest In an pressure our inputs as global development technology Big chain, business today, consumption increased rises value technologies genome YieldXX a in innovation YieldXX is for a drive feed plate within agricultural demand put highlight security, with to megatrends. resources is demand ways is of improved and the forward produce vision any standard sustainability, the land, nutritional our capture increased significant fulfill aligned food yields with gene of protein as is developed higher company growth listeners. and aligned focus growing global for bring addressing seed The wellness to advancing water fertilizer. in First, agriculture for such marketplace. and by for in health will new living with a food, driven Data, focus food approaches profile. on YieldXX estimates safety and innovations trait where market recap and with our to including population global and our In the in our on the and with we call nations, to mission we editing. are of to metabolic and compelling opportunities worldwide. the aligned crops These is I'd
key The goal achieving genes and of the in from very the thousands history. some is reality challenging, increases over Slide plant of upon grown documented, modern its industry turn using of same experience major infrastructure to in X. yield and years years, develop individual useful was biotechnology The ag genome pest-resistant XX for factor based around changes of challenge. been this plant time, major functionality crops now microbial so and it's major XX crops, corn that years Let's on genes last for ancient screening ag also biotech knowledge major over goal and At last XX the herbicide-tolerant, parallel. early contents impart made the based developed or of provide YieldXX's improve to to step-change performance, well massive six genes majors due is five and, teosinte, This have to these ago between to largely exist the investments identified. are that those were more unsuccessfully. the the transcription crop success the recently, was drug-tolerant. to ancestor, The differences – responsible new have to being didn't part crops in
genes down, reducing this activity reduced background, is key consider control like capable is or functional of regulators. to Let's around individual location. plant corn create through two corn traffic genome, around carbon to the identify tools There's turn genes pick to require for to of of to understand will computational to combinations be over could crop crop which the the a would level a Changing to not all city key X, the seed how for increase a turned gene city. corn these, light next X,XXX and part, challenge, technology X.X genes are yield. a do Testing better a most factors the to efficiently to predicted platform. essentially it in now plants plant the compare of flow on flow which traffic We Slide of into therefore robust points. carbon city these the performance. in capture of which to advanced the of next factors have transcription million For targeted transcription will it the series Of genes. yield? improve single enable more believe XX,XXX gene crops need flow we combinations useful To predicting that question was of Based more major experiments. a utilize plant the of direct find the editing in right the specific and increased We the traffic key
genetic to to There fixed transcription seed road the or map be conversion constitute independent condition transcription infrastructure Using environmental in regulators which Metabolic plants. direct to pathways to as of are key factors, able constitute So developmental a the direct carbon responses two the more of and to we carbon plant crop in traffic coincidentally conditions. pathways lights changes are production. enable need that metabolism focus the factors our two gene discovery fix in components and platforms. analogy, such carbon the metabolic in
platform, turn traits, in new carbon challenge seed. the to an transcription a that Platform, identify platform, identified approach to gene light, our we've which will the The down that smart already plant CXXXX, our Our Using to CXXXX we algal which In of is metabolic of even series number of currently wheat a produces TX which platforms. needs plant eliminate more as these initial is the accomplish or factors produced vastly editing signal of the be sequence to stop transcription red reduce it that regulated has activity objective do crops has engineering of useful rice the a factor two even like engineered high changes series CXXXX reproduce, grid functionality for transcription metabolic of provided can in it data metabolic the the photosynthesizing switchgrass modern already We're to be transcription CXXXX seed crops. combinations the by also traits. and to carbon adds already to activities proven TX including goal. our the to with our the work Platform plan corn, in on done, developed is in signal so in enough crop that in and factors, the gene program integrate yield Accordingly, repeating of high that and our corn, seed. to CXXXX crops. Analysis hybrid new sending factors than plants identifying
progress translate combinations discovery where to we to food we the targets our in corn. demonstrate to meantime, of identified feed have several genome alone, with platform trait infrastructure, TX soybean, performance regulated targeted of the to new additional the identify outcome. the Here logic editing genome-edited from our with already XX gene in develop, CXXXX in for and specific additional same made and crops, metabolic commercial and to targets optimize the and in including transcription in rice crops, significant The YieldXX major and value combinations canola, metabolic key factor both and – In genes applies Platform. need identify continues already pathways the crop trait is genes the improved working
pipeline Let's now turn our to traits. of Slide X,
in have traits Here our we of development. summary a
understanding be crops and seed We In works. focused traits fund-approved regulated, will is larger have to analysis, the GMO. CXXXX in for those it acreage points, seed have this we focus once are Later current deploy we'll such our higher and we quarter, trait, deepening results. CXXXX reporting be already developing yield completed crops, our them that XXXX, as our on how of that
may ways improve platform addition, they've genome this factors on but to making objective enabling in editing are combinations is using into identify genes, have and generate right, to of in of enhancing editing. X; we own A traits us then we to to been a categories: knowledge key These transcription of transcription a addition in performance. instrumental exciting revenue for we crop we of and two demonstrate by XA, fit factor our include able the or with and number providing pipeline technology CXXXX, Across these have the to oil develop R&D our be traits are are platforms. the currently sector. the we we services opportunities additional X, or areas, all CXXXX value for see of ag progress focusing and these In XB of traits as proposition very for partnerships series many CXXXX, licensing
turn to development effect does value nonregulated, into for not product USDA completes yield Genome enabling cost. breeding genome editing in them crop X, genome reducing gene timelines the combinations. now agriculture. Let's editing may and editing precision treat introduce toolbox and significantly plants, in of Slide Because DNA foreign by molecular as the enhancing
regulated they regulated years, of $XX million to for XX take or it For in and There cost million a full timeline, average range. $XX for crops to GMO example, trait, an of the closer specialty are typical years can and global $XXX million an seven examples of the average for maybe deregulation. cost five
as acids on in combinations XX. genome-editing establishes in mechanism, also is biosynthesis. important oil announced in trait editing CXXXXa controls received upcoming earlier to from commercialization mentioned a we'll million. CXXXX space an of this seed to cost. of through earlier reported traits have pathway editing key that of opens half to in the and we working turn available for ag farmers global gene powerful point innovators targets, quarter, is but Slide believe well yield. increasing Although new $XX trait X, cost there small and that Also, our in to oil accessible a the and decent licenses unfolds. one data with encouraging, multi-gene-edited a milestone new But be than the trait an Broad series for Xb, in YieldXX. and in line are CXXXX. capability CXXXX which CXXXX status b hand to available include could This through potentially Pioneer million market like is to of is development discovering content to between capability. content. editing readily a nonregulated oilseed nonexclusive taken submission. metabolic fraction time a traits option see of unique a fortunate a have have to DuPont team in and genome-edited named XX, number here we as In an CXXXXa, that year, as on organization. genome for we'd our we how novel is less $X this the is the a by The allow objective plan of ag University the Missouri genome I of the exclusive regulatory CXXXXa The the optimize and to and by recent YieldXX is up controlling the a genome-edited of based call trait and this Camelina, fatty targets may for less Arctic a the currently biosynthesis. seed Apple it CXXXX, combined here, make oil genome Please potentially have traits Institute wait CXXXX editing, other confirmation oil we've reengineer as and they announcement the YieldXX X
turn and I'll measuring of CXXXX now photosynthesis XX% progress Slide electron reported traits. from we of Last our transport on you let's CXXXX in where studies So quarter, in on to rate. based switchgrass, update XX, we achieved increase the a results the
is CXXXX for in clearly global interested biomass other almost and and reported yield. impact of but it CXXXX increasing we're yield, also transcription seed also very an of yield factors, X, biomass. doubling the the We interesting how
in genes For rice a in the is with NRC internally, through wheat of being in Canada. these this reason, a and progressed collaboration study
them corn. in plan to also test We
CGL. is Here, key of these objective the impact genes to on determinate our
we XX application these combinations a to on now filed is additional rice. factors patent improve recently genome for these, transcription new first editing to addition ongoing of the their of traits, crop in and Editing CXXXX, In performance.
the both increasing have So benefits reducing the structure commodity lowering space, sustainability. which and market and may application crops growers increases food different. to include costs, portfolio space, of oil food yield In benefits let's are security include traits to proposition feed attributes; increasing quite high-performance value The now the may composition, food to proposition potential specialty in producers, are crops, for by value the chain slide traits development to to such wellness consumers opportunities. and expected and XX, where YieldXX commodity the specialty sustainability; health grower production, costs crop value YieldXX as partners turn and such and alternative as In industrial and our and in of traits stocks.
XX, Let's now to Slide creation. turn value
to like trait structure early and to like the in there's on The and Everyone that The to with is commodity company crops shared has share key example depends is in more on yield basic soybean shown available majors. revenue progressed highly potential in stream shorter significant the needed well position flip to lower the potential the two of the between increase the ag billion value field the has the recognized the provider. focused provides YieldXX create more and on the crops. corn, feed seed farmer. opens how key for value. and the trait in of remainder ag points from capture to canola, genome-edited traits or and share chain delivering is in rewarded, value its of enough XX% than trait and step in made, the up the trait for the around The have range table canola place, This so a ourself about For value-sharing By trait to hurdles value be in farmer timelines less trials targeting large on can added the a major we seed consolidated and, the we and development half acreage more so enable goes to been for progress value multisite particular, and increases far provider and as The wider value change these provider we established regulatory provider a of food traits yield just the development. $XX crops the a CXXXX the risk higher crops, to added crops. soybean, capture. to
potential crops. we significant healthy for revenues by Here see
by products We advantage have of oilseeds, content of provide a a we markets seed. and editing driven increasing on the believe for this high oil focused will oil activity where competitive component the
targeting content while about increase the Here XX% we'll [indiscernible] being higher to approach of better still in a it. not meal. monetize a tell the more have we'll our the you best remaining mindful and value we or out potential this oil we and are building compromise of as business model, feed to are sense area, In the
unique Let's soon in ag capabilities. with development working the majors. accelerate development we Major by American paths accelerate possible traits as yield can the believe believe XX. turn revenue, our that to traits provide with as working Slide can North through – development as can crops, believe, we we and – commodity us We driven through multiple soon to our as
Our and to germplasm elite for approach to our in is deploying provide resources. a their their begin low traits hurdle them testing using
composition. to improve a combine agreements oil of opportunities see path niche improve economics. nonregulated with with ag including a this path area, yield The in lot market genome-edited There's to to we We significant deploying milestone and to on in license We to crops, downstream anticipate in YieldXX majors and downstream and a with and next of Here participation JV-type oils. envisage traits agreements payments share for composition. specialty is going innovation specialty companies traits economics.
types potential than the space. and Here seed much larger the ag number partners is of
to accelerate our innovation To improvements. relationships combining The metabolic gene our technology our R&D plant on leading we predict programs. leaning accessed for and third platforms for the engineering path support unique two involves on to where can based expand to and this of we platforms and by scientists, integration have combinations innovation revenue we date, government plan grants partner-funded with crop
strong key XX, believe significant Slide to business. YieldXX food technologies. strong upcoming YieldXX our turn will exciting build trait milestones. help now is of we us novel a making crops yield progress value into crop deploying the which traits pipeline in has Let's
We CXXXX will be and tests reporting this studies with data in once field later the results quarter, is our finalized. other of
greenhouse and to XXXX. got on are in XXXX progress to We've In canola on sites our and soybean to editing now continue addition, report CXXXX field editing. our CRISPR in planning genome and we'll progress using and data in to of rice in progress in additional a continue work tests Camelina CXXXX genome oil-enhancing for traits we the XXXX, in lot in in front Canada, expect
traits We industry that as will to series believe months also progressed generating and our traits platform secure data We as our gene discovery platforms generation position are into rice the ag the CXXXX across corn and in next collaborations. we ahead. us trait well well
will and presented the been of the we doing have our work We partners much suspect published journals at in scientific science on with academic conferences. academic continue underlying be will and work
far are So end that XXXX year, this applications. can the Overall, filed we new see very productive beyond. be and through of we to have you expecting patent five
Let's yields trait of is crops to developing for land, technologies produce with XX. and inputs YieldXX fertilizer. now and water food Slide lower turn the higher feed to generic
accomplishments. milestones good on of made meeting XXXX those have and building progress We our
will and R&D and clear our first oil of value towards making working our genome-editing further to progress well steady of trait our We'll together, we'll to Both goal XXXX. need our platforms Taking for We of continue vision specialty that be to our commercial business, of areas: content for business platform. past shareholders. commodity are create include the three defining a our crops, to targets led the opportunities the XXXX, targets, to to continuation recognizing to these the continue crop. develop the and have CGL in have financing our biomass positioned we oils this for all according we of discovery for seek promising quarter identification
questions. that, I'd like over turn Lynne for to call with the to So